Top Silver ETFs in India – Detailed Guide (2026)
In India, the silver price has crossed Rs. 4 Lakhs per KG Landmark in Jan 2026. Since last year, Silver has given the approx. return of 250%. It has emerged as one of the most lucrative metals to invest in. In fact, Silver has crossed GOLD in terms of returns over the last year. Gold has given approx. 100% return, whereas Silver has given 250% returns on investment. Globally Investors are looking at silver for stability and growth in their returns. Silver has emerged as one of the most discussed commodities in recent times.
With silver prices touching record highs in India and globally, investor interest in silver ETFs has increased sharply. Silver ETFs offer a convenient, transparent, and cost-effective way to invest in silver without dealing with the headache of physical storage issues.
In this blog article, we will discuss the top 5 Silver ETFs in India, the reasons behind the sudden rise in silver prices, historical returns of silver over the last 10 years, and why investing in silver can be a smart move for investors.
What are Silver ETFs?
Silver ETFs (Exchange Traded Funds) are schemes that invest their maximum money in physical silver of high purity. The price of a silver ETF unit closely tracks the domestic price of silver. These ETFs can be traded on stock exchanges like NSE and BSE, just like shares.
Silver ETFs remove the problems associated with physical silver, such as storage, safety, purity concerns, and making charges. Investors only need a demat and trading account to invest.
Top 5 Silver ETFs in India
1. Nippon India Silver ETF
Nippon India Silver ETF is one of the largest and most liquid silver ETFs in India with an AUM of ₹19,904 crore. It tracks the domestic price of silver and has gained popularity due to its high trading volume and efficient tracking performance. The fund invests in physical silver and aims to mirror silver price movements closely. It has delivered a return of 163.94% in one year. The expense ratio of the fund is 0.56%.
Nippon India Silver ETF price today
2. ICICI Prudential Silver ETF
ICICI Prudential Silver ETF is known for its consistent performance and relatively low tracking error. It has an AUM of 14,828 Cr and an expense ratio of 0.40%. It is suitable for investors looking for stable silver exposure through a trusted fund house. Liquidity and transparency are strong positives of this ETF.
ICICI Prudential Silver ETF price today
3. HDFC Silver ETF
HDFC Silver ETF offers investors a reliable option to invest in silver with professional fund management. It has an AUM of 6,074 Cr and an expense ratio of 0.45%. The ETF tracks silver prices effectively and is widely used for portfolio diversification purposes.
4. SBI Silver ETF / Aditya Birla Sun Life Silver ETF
Both SBI and Aditya Birla Silver ETFs are strong alternatives with growing assets under management. These ETFs provide easy access to silver investing and are backed by well-established asset management companies.
5. Zerodha Silver ETF / Axis / Mirae Asset Silver ETFs
Newer silver ETFs from Axis, Mirae Asset, and Zerodha are gaining popularity among investors due to competitive expense ratios and ease of investing. These ETFs are suitable for both long-term investors and traders.
Sudden Hike in Silver Prices – Why is Silver Rising?
Silver prices in India have witnessed a sharp rally in recent times, touching all-time highs. Several global and domestic factors are responsible for this sudden price surge
1. Strong Industrial Demand
Recently, industrial usage of silver has increased substantially. It is a key component in solar panels, electric vehicles, electronics, medical equipment, and batteries. The rapid growth in renewable energy and electric mobility has significantly increased silver demand.
2. SafeHaven Buying
During periods of global uncertainty, geopolitical tensions, and economic instability, investors tend to move towards precious metals. Silver benefits from this safe-haven demand along with gold.
3. Supply Constraints
Global silver supply has remained tight due to limited mining output and declining reserves. When demand rises faster than supply, prices tend to move sharply upward.
4. Weak Currency & Inflation Concerns
Rising inflation and currency depreciation have pushed investors towards hard assets like silver. Silver acts as a hedge against inflation and loss of purchasing power.
Historical Returns of Silver – Last 10 Years (2015 to 2025)
Silver has delivered impressive long-term returns over the last decade. Around ten years ago, silver prices in India were near ₹40,000–45,000 per kilogram. Now, as in Jan 2026, its price is 4,04,500 per kg. Over time, prices have climbed significantly, crossing multiple lakh rupees per kilogram.
Over the last 10 years, silver has delivered an approximate CAGR of 20–23%, although returns may vary depending on market cycles and entry points. Major rallies were observed during periods of global crisis, high inflation, and strong industrial growth.
Compared to many traditional fixed income investments, silver has outperformed over long time horizons, although with higher volatility.
Advantages of Investing in Silver
1. Portfolio Diversification
Silver has low correlation with equity markets. Adding silver ETFs to a portfolio can reduce overall risk and improve stability.
2. Inflation Hedge
Silver helps protect purchasing power during inflationary periods, making it a valuable long-term asset.
3. Industrial Growth Potential
With increasing demand from green energy, electronics, and EV sectors, silver has strong structural demand support.
4. Affordable Compared to Gold
Silver is more affordable than gold, allowing small investors to participate in precious metal investing.
5. Easy & Transparent Investment via ETFs
Silver ETFs offer high liquidity, transparency, and ease of trading without physical handling.
Risks of Investing in Silver
Silver prices can be very volatile in the short term. Industrial demand slowdown, global economic cycles, and currency fluctuations can impact prices. Therefore, silver should be considered as part of a diversified portfolio rather than a standalone investment.
Conclusion – Why Silver ETFs Make Sense for Investors
Silver ETFs offer a modern and efficient way to invest in silver. With strong historical returns, rising industrial demand, and its role as an inflation hedge, silver remains an attractive asset class. However, investors should adopt a long-term approach and allocate silver wisely within a diversified portfolio.
For investors looking to add precious metal exposure beyond gold, silver ETFs in India provide an excellent opportunity to benefit from both investment and industrial demand trends.
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