Silver has firmly stolen the spotlight in the commodities market, driven by a powerful combination of rising industrial demand, global economic uncertainty and a sharp surge in prices. Much like gold, silver is increasingly being viewed not only as a hedge against inflation and currency volatility but also as a strategic asset class within diversified portfolios.
Data from Ace MF highlights just how dramatic this rally has been for Indian investors. Silver exchange-traded funds (ETFs) in India have reported exceptional gains, with one-year returns crossing 270 percent for most schemes, while three-year returns are hovering close to 70 percent, underlining the scale and consistency of the move in bullion prices.
Among the largest funds by assets under management (AUM), Nippon India Silver ETF leads the pack with an AUM of Rs 28,944 crore, delivering a YTD absolute return of 673 percent and a one-year return of 272 percent. ICICI Prudential Silver ETF, with Rs 14,828 crore in AUM, has posted similar performance, clocking 675 percent YTD returns and 274 percent over one year.
Other major players such as HDFC Silver ETF, SBI Silver ETF, and Kotak Silver ETF have also mirrored this trend, each generating one-year gains in the 269–273 percent range. Notably, Tata Silver ETF has stood out on a YTD basis, recording an absolute return of 708 percent, while also delivering a 287 percent one-year return, the highest among the top funds.
The rapid expansion of the silver ETF ecosystem reflects growing investor preference for regulated, liquid exposure to precious metals without the challenges of storing physical silver. With easy access through demat accounts, transparent pricing and relatively low costs, silver ETFs have emerged as a preferred route for participating in the metal’s historic rally.
