Divya Delhi: According to Motilal Oswal Financial Services' quarterly projection, strong industrial demand, safe-haven buying, and a weaker currency could push silver to Rs 1.5 lakh per kg in 12 months.The firm claimed silver on MCX had returned roughly 37% year-to-date, outperforming numerous asset groups. Globally, Comex silver futures are expected to rise to $45 per ounce and then $50. After meeting our targets, we think silver will rise further. The survey predicted that domestic costs will rise to Rs 1,35,000 per kg in six months and Rs 1,50,000 per kg in 12 months if the rupee trades around 88.5 per dollar. Silver is positive due to industrial demand for green technologies like solar power, EVs, and 5G, increased investment flows into silver ETFs, and central banks diversifying into the white metal. Industrial demand may account for 60% of production in 2025, according to the Silver Institute. Russia has announced $535 million in silver purchases for its state reserves over three years, and Saudi Arabia's central bank has invested $40 million in silver-linked ETFs. Silver imports in India reached 3,000 tonnes in the first half of 2025, and silver ETFs saw record inflows. The survey noted that precious metals are benefiting from US Federal Reserve rate cuts, a weaker dollar, and lower US bond yields. “After Jackson Hole, a 25 basis point rate cut in September is likely. It stated lower rates and declining US yields promote precious commodities like silver. MOFSL warned that the strong surge may prompt near-term profit booking. "One can start accumulating silver from current levels down to Rs 1,18,000-Rs 1,15,000 per kg," the memo advised.