In the past one year, gold and silver investments, including exchange-traded funds (ETFs), have comprehensively beaten equities in terms of returns. Especially silver, which has always remained under gold’s shadow, has given even better returns than the yellow metal. Physical silver yield in the last one year stood at 30% and that of gold at 25.5%. If we look at best-performing silver and gold ETFs in the past one year, the returns mirrored the yields in both these metals, with 24.64% and 33.13%, respectively.
In this article, we will look at returns of 12 silver ETFs in the past one year and factors that led to an upbeat demand for these funds.
Silver ETFs registered an unprecedented surge with the Assets under Management (AUM) growing by over four-fold to touch Rs 12,331 crore in October 2024, up from Rs 2,844.76 crore in October 2023, according to a report by ICRA Analytics.
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What has attracted investors towards silver ETFs?
While gold ETFs have been in the market for quite some time now, silver ETFs, which were launched as recently as 2022, have managed to garner attention of the investors within a reasonably short period of time as it is more accessible and transparent for retail investors, said ICRA Analytics.
“Interestingly, the total number of folios under Silver ETFs increased by nearly 215% to touch 4.47 lakh in October 2024, up from 1.42 lakh in the same period last year. Net inflows grew by 24% at Rs 643.10 crore in October 2024, as against Rs 518.02 crore last year,” the report said.
According to Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics, number of Silver ETFs, which stood at 8 in April 2023,
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