

Everyone talks about gold, but these two silver stocks are well placed for 2026
silver prices surged by around 150% to ₹218,918 per kg, outperforming gold's 79% return. Over the past five years, silver's 231% gain has also outpaced gold's 173% return. This rapid increase has once again brought silver into the spotlight.
At the core of this shift is silver's dual character.It functions both as a precious metal and as a critical industrial input. During early phases of an economic upcycle, rising industrial demand tends to amplify silver's upside, often allowing it to outperform gold. Conversely, it underperforms when growth slows.
The current phase of the cycle appears to be playing out in silver's favour.Fundamentals support the price move. According to the World Silver Survey 2025, the global silver market remained undersupplied for the fifth consecutive year, with an estimated deficit of 117.6 million ounces in 2025. This is mainly driven by increasing industrial demand for electric vehicles (EVs), renewables, and electronics, while supply growth remained modest.
Macroeconomic conditions have added further support.Investor participation has also broadened. According to the Silver Institute, holdings in silver-backed exchange-traded products surged in 2025, with net inflows of about 95 million ounces in the first half alone, bringing total global holdings to around 1.13 billion ounces, near the highest level since early 2021. Silver relative undervaluation to gold has also aided the rally.
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