Silver vs Gold for Diwali Muhurat Trading 2025: The Silent EV–Solar Edge

Monday, Oct 20, 2025

The Diwali Muhurat Trading sessions herald fresh new lives and are a traditional Indian investor way of entering Samvat 2082 with hope and prosperity. Gold has always been the star of Deepavali trading, the traditional safe-haven, and bait for anyone seeking the best Diwali stocks to purchase.

But 2025 tells a different story. Silver -- the so-called forgotten brother, is slowly taking center stage, not by convention, but by change.

With the world going solar and electric, the new growth narrative is now silver industrial. Since EV connectors to solar cells, the metal has been repositioned in the global energy transition as part of the global energy transition, making it decorative no longer.

And so, when you inquire, which is better this Diwali, silver or gold, you may be surprised to know. Now let us see why the silent EV-solar advantage of silver makes it the metal of the future Diwali Muhurat Trading 2025.

Why’s Silver Outperforming Gold in 2025?

Because industrial demand is outpacing investment demand, and silver is no longer just a precious metal - it’s a technology enabler.

What’s behind silver’s 52% rally vs gold’s 47% rise this year?

2025 has seen silver prices rally 52% year-to-date, touching ₹1, 44,000+ per kg, while gold has risen around 47%, hovering near ₹6,700 per gram.

Metal	YTD Return (2025)	Price	Core Driver
Silver	+52%	₹1,44,000/kg	EVs, Solar, Industrial Demand
Gold	+47%	₹6,700/gm	Inflation Hedge, Safe-Haven

How is industrial demand overtaking investment demand?

Gold’s demand is 90% emotional - wedding seasons, festivals, and safe-haven buying.
Silver, however, wears two hats:

1. Industrial Utility: Around 55% of silver’s demand in 2025 comes from electronics, EVs, and solar panels.
2. Investment Utility: The rest comes from coins, ETFs, and jewelry.

In other words, silver thrives on both economic growth and investor caution. That’s a powerful combination heading into Diwali Muhurat Trading.

Are supply constraints adding price pressure?

Yes - and that’s the silver lining for investors.
Global silver production has stagnated at around 830 million ounces, while consumption has surged past 1.1 billion ounces.

This means a deficit of nearly 270 million ounces - the largest in modern history.
When supply tightens and demand expands, price momentum becomes structural, not seasonal.

How much silver does an electric vehicle actually use?

More than you might think - and twice as much as a petrol car.
 

Vehicle Type	Average Silver Use	Key Applications
ICE Vehicle	15–20 grams	Switches, sensors
Hybrid	25–30 grams	Battery systems
EV	40–50 grams	Power electronics, charging units

With electric vehicles (EVs) projected to dominate global sales by 2030, each new car is a miniature silver mine on wheels.

How fast is EV adoption growing in India and globally?

• India: Over 2 million EVs expected to be sold in FY26, powered by government incentives like FAME II and PLI schemes.
• Globally: EVs projected to account for 35% of total auto sales by 2030.
• Major manufacturers (Tata, Tesla, BYD, Hyundai, and Mahindra) are ramping up production - each unit requiring twice the silver of a conventional vehicle.

What Role Does Silver Play in Solar Panel Manufacturing?

Each solar panel contains around 20 grams of silver paste used in its photovoltaic (PV) cells.
That may seem small, but it adds up quickly.

• 1 GW of solar capacity = 80,000 kg of silver
• India’s 2030 solar target = 280 GW
• That’s 22,400 tonnes of silver demand - from India alone!

How is India’s solar expansion driving silver consumption?

India aims to achieve 500 GW renewable capacity by 2030, with 280 GW coming from solar energy.
This massive infrastructure push directly links national energy policy with silver demand growth.

States like Rajasthan, Gujarat, and Tamil Nadu are already becoming solar hotspots, indirectly fueling the country’s silver imports and refining needs.

What’s driving global solar-linked silver demand?

• US Inflation Reduction Act (IRA): Billions in clean energy incentives.
• European Green Deal: Carbon neutrality by 2050.
• China’s solar manufacturing surge: Continues to rely heavily on silver due to its unmatched conductivity.

Even as labs experiment with copper substitutes, silver remains irreplaceable for high-efficiency solar cells.
Is the World Really Running Short on Silver?

Yes. And unlike gold, silver’s deficit is structural - driven by industrial overconsumption.

What does the supply-demand data show?

Year	Supply (Mn oz)	Demand (Mn oz)	Deficit (Mn oz)
2022	1,006	1,112	-106
2023	1,008	1,154	-146
2024	830	1,100+	-270
2025E	815	1,200+	-385

That’s four consecutive years of shortage, the longest streak since World War II.

Why can’t mining keep up?

• By-product constraint: 70% of silver is produced as a by-product of zinc, lead, or copper mining.
• Environmental restrictions: Stricter ESG norms limit new projects.
• Declining ore grades: Less silver per tonne of rock means slower production.

Result? A persistent squeeze that keeps prices elevated - great news for long-term investors.

How does industrial vs investment demand create competition?

Industrial users (EVs, solar manufacturers, electronics companies) need silver to function.
Investors hoard silver as a hedge.

Whenever industries restock aggressively (like they’re doing in 2025), prices spike. Smart investors who anticipate this trend during Diwali Mahurat Trading can benefit from the industrial cycle’s momentum.

How Can Investors Access Silver Exposure for Diwali 2025?

By using diversified, accessible investment routes that balance liquidity, safety, and opportunity.

What are the best ways to invest in silver?

Investment Type	Pros	Cons
Physical Silver (Coins/Bars)	Tangible, festive, traditional	Storage and purity risk
Silver ETFs	Easy to trade, no physical hassle	Tracking errors
Silver Mutual Funds	Professionally managed	Slightly higher expense ratio
Silver Futures (MCX)	High leverage	Complex for beginners

For hesitant investors, Silver ETFs and Green Portfolio’s thematic smallcases - such as “green energy, defence, and railways” are smarter entry points.

How should investors think about allocation during Samvat 2082?

Green Portfolio recommends a 5–10% silver allocation within a diversified investment strategy during Samvat 2082.

Here’s an example of an optimal festive allocation mix:

Asset Class	Allocation %	Rationale
Equity (Large + Mid Cap)	50%	Core growth engine
Gold	10%	Stability and safety
Silver	10%	EV–solar exposure
Bonds / Debt	20%	Income generation
Liquid Assets	10%	Flexibility for opportunities

Why are smallcases ideal for hesitant investors?

Because smallcases simplify thematic investing.
With one click, you can invest in a curated portfolio that captures silver’s industrial demand indirectly through EV, solar, and renewable energy stocks.

For example:

• Metals & Materials Leaders Smallcase: Includes silver miners and refiners.
• Green Energy Transition Smallcase: Includes EV and solar beneficiaries.
• Global Commodity ETF Basket: Offers silver-gold exposure balance.

These are the best Diwali investments for those asking: “Where can I invest money this Diwali?”

What Makes Silver a Better Diwali Investment Than Just Gold?

Because silver offers both heritage and high-tech exposure - the best of both worlds.

Why does silver have a dual benefit?

1. Industrial Demand: From EVs and solar panels.
2. Safe-Haven Appeal: From investors seeking security during inflation and geopolitical tension.

What does the festive price momentum suggest?

Technical analysts project silver prices to reach ₹1, 55,000 – ₹1, 60,000 per kg during Diwali Muhurat Trading 2025, supported by:

• Festive buying demand
• Industrial restocking
• Global commodity momentum

Gold, meanwhile, may consolidate between ₹6,600 – ₹6,800 per gram, maintaining stability but offering less upside.

So for traders asking “best stocks to buy this Diwali,” the answer could include silver ETFs and silver-linked industrial stocks rather than only traditional gold plays.

How does silver complement gold and equities?

Think of them as a Diwali trio:

• Gold: Protects wealth during uncertainty.
• Equities: Capture India’s growth.
• Silver: Powers the clean-energy revolution.

Together, they create a balanced festive portfolio that’s both auspicious and forward-looking - aligning perfectly with the Green Portfolio philosophy of sustainable growth.

Conclusion: Why Silver Deserves a Place in Your Diwali 2025 Portfolio

Because this Diwali isn’t just about tradition - it’s about transition.

Silver’s EV–solar edge, industrial scarcity, and price momentum make it more than a commodity - it’s a megatrend in motion.

As we enter Samvat 2082, investors who see silver not as jewelry but as green technology metal may unlock the true new-year wealth opportunity.

So, while gold remains the symbol of prosperity, silver becomes the symbol of progress.
And for thoughtful investors, Green Portfolio’s curated Mahurat Portfolio offer the perfect way to blend both.