“Saif Mukadam of ICICI Direct expects silver to see intermittent corrections in 2026 after a significant rally in 2025, making current levels unfavorable for fresh investments due to an unfavorable risk-reward ratio. However, he maintains a long-term bullish view, citing intact industrial demand from sectors like solar PV and AI chips, and advises using short-term pullbacks as buying opportunities. He sees spot silver finding support near $55 and potentially rising to $90 in 2026, with MCX targets of ₹2,75,000.”