Silver Prices Poised for a 25-30% Surge in 2025, Expert Predicts
Silver prices could rise by as much as 25% to 30% from current levels this year, according to Gautam Shah, founder of Goldilocks Global Research. Speaking to NDTV Profit on June 27, Shah highlighted silver as a standout opportunity in the commodities space, noting that it has outperformed gold in recent months.
“The gold-to-silver ratio has broken out, and I expect a substantial upside of up to 30% in silver,” Shah said, adding that Indian silver proxy stocks also look promising. He sees gold having reached an “intermediate top” in the $3,400–$3,500 range.
Turning to equities, Shah forecasted that the Nifty 50 could climb to 26,200 in the near term and projected a target of 28,400 for long-term investors. “For the rest of the year, the key will be to stay selective, focus on strong themes and sectors—that’s where the real alpha lies,” he said, recommending a long-term “buy and hold” approach.
Top Sector Picks: Financials, Real Estate, and Metals
Shah identified financial services, real estate, and metals as his top three sectors over the next 6 to 12 months. He believes Bank Nifty could touch 60,000, driven by strong performances from HDFC Bank, SBI, and smaller private banks.
He was also optimistic about PSU stocks, especially in banking, power, and defence, saying, “The PSU pack is likely to witness the next wave of its long-term uptrend that began three years ago.”
On metals, Shah expects a 15% upside in the metals index, with non-ferrous players like Hindalco, NALCO, Tata Steel, JSW Steel, and SAIL leading the rally. He cited strong global positioning, especially due to the “China plus one” strategy, and discounted tariff concerns as tailwinds for the sector.
Sectors to Avoid: IT and Paints
Shah advised investors to steer clear of IT and paint companies. He described paint stocks as expensive and underperforming, and said IT lacks near-term catalysts. “I don’t see alpha being generated in IT,” he said.
He also sounded a note of caution on the consumption space, which he said had already played a major role in earlier market rallies.
