SAMCO Securities has issued a bold prediction that silver prices could surge to ₹3.94 lakh per kilogram, continuing the precious metal's impressive rally that has already delivered over 25% gains. The domestic brokerage firm outlined multiple technical targets based on Fibonacci extension analysis, suggesting significant upside potential remains for the white metal.

Technical Analysis Points to Higher Targets

SAMCO's technical analysis reveals a clear roadmap for silver's potential price trajectory. The brokerage noted that the earlier resistance zone around ₹2.59 lakh has now transformed into crucial support during any interim pullbacks.

"The 2.618 Fibonacci extension aligns near the ₹2.96 lakh zone, which becomes the first major medium term target," SAMCO stated. Beyond this level, the 3.618 Fibonacci extension points toward the ₹3.56 lakh region, while an extended move in a strong momentum environment could open up levels closer to ₹3.94 lakh over time.

Market Performance and Inflation Data Impact

Silver March futures demonstrated strong momentum, rising over ₹11,000 or 4% to reach ₹2.86 lakh. This sharp movement followed the release of U.S. core CPI data, which showed inflation rising 0.2% - slightly below the expected 0.3% - while maintaining 2.6% annually.

The favorable inflation reading boosted the case for easing monetary policy, providing support to both gold and silver. U.S. President Donald Trump welcomed the inflation numbers and urged Fed Chair Jerome Powell to enact a "meaningful" rate cut.

Supply Constraints Support Price Rally

Silver's rally receives additional support from tightening supply conditions. Global mine output remains constrained because silver is predominantly mined as a by-product of gold, copper, lead, and zinc production. This structural feature limits the industry's ability to rapidly increase supply, even during periods of sharp price increases.

Key supply dynamics include:

• Mexico, China, and Peru dominate global silver production
• Output growth has remained muted despite price strength
• Global supply increased by less than 1% in 2024
• Projected growth under 2% in 2025

Commodity Supercycle and Risk Factors

Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities, emphasized that "as long as silver holds above the breakout zone, the risk reward continues to favour the upside." The brokerage noted that the entire commodity basket is experiencing a supercycle, not just precious metals.

However, potential risks remain that could impact silver's trajectory:

• A stronger dollar could pressure precious metals
• Global economic slowdown might reduce industrial demand
• Industrial consumption accounts for nearly half of silver usage

The breakout from consolidation validates SAMCO's earlier thesis and sets the stage for the next phase of the precious metals upcycle, according to the brokerage's analysis.

Silver prices have achieved a significant milestone, crossing the $90 per ounce mark and prompting enthusiastic response from prominent finance author Robert Kiyosaki. The surge represents a major development in precious metals markets, with both international and domestic exchanges recording substantial gains.

Market Performance and Price Levels

On the Multi Commodity Exchange (MCX), silver futures demonstrated exceptional strength, with March 5, 2026 delivery contracts reaching ₹2,87,990 per kilogram earlier on Wednesday, establishing a fresh all-time high. This domestic surge aligns with international price movements that pushed silver beyond the psychologically important $90 threshold.

Kiyosaki's Response and Investment Philosophy

Robert Kiyosaki expressed his satisfaction with the price movement through social media, writing "YAY: Silver over $90 an ounce. Are you celebrating?" on January 14, 2026. The author highlighted the premium that physical silver commands, noting that US Silver Eagle coins are fetching approximately $104 from dealers, representing a significant premium over spot prices.

Kiyosaki's investment approach reflects a long-term perspective, as he revealed his silver buying history dating back to 1965 when he first purchased the metal at $1 per ounce. He became a committed advocate during the 1990s when silver traded in the $4-$5 range.

Investment Strategy and Market Outlook

Despite the current rally, Kiyosaki maintains a disciplined approach to his precious metals strategy. He has indicated his intention to continue purchasing silver up to the $100 per ounce level, after which he plans to reassess market conditions before making his next move.

Key aspects of Kiyosaki's strategy include:

• Continued buying up to $100 per ounce
• Long-term accumulation approach
• Eventual transition from silver to gold
• Emphasis on physical metal ownership

Market Drivers and Risk Factors

The current surge in silver prices has been supported by geopolitical tensions and civil unrest in Iran, which have enhanced the safe-haven appeal of precious metals. These factors have contributed to increased investor demand for tangible assets during periods of uncertainty.

However, Kiyosaki has also expressed caution about potential market volatility. He previously warned that silver may experience a sharp pullback before resuming its upward trajectory and noted that retail investor selling could potentially impact market stability. Drawing on investment wisdom, he emphasized the importance of patience, stating that while "Pigs get FAT," "Hogs get SLAUGHTERED."