Silver ETFs

Active equity schemes added around 1.5 million investment accounts, or folios, during the February-April 2026 period

MFs eye further clarity, expect physical silver supply constraints if demand shoots up

As of May 13, combined AUM of gold and silver ETFs stood at ₹2.9 trn, up about 12% so far this month

Gold and silver ETFs jumped up to 7% after the government raised import duties on precious metals, triggering a sharp repricing in India's domestic bullion market

The government imposed a 10 per cent basic customs duty along with a 5 per cent Agriculture Infrastructure and Development Cess (AIDC), aiming to curb imports of the previous metals

MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds

Equity performance and gold ETF demand helped Nippon, HDFC, ICICI Pru, and Tata widen lead

Silver recovery is being driven by ceasefire optimism that is keeping the oil prices capped. Safe-haven flows seem to be largely absent

In the international market, spot gold was up ​2.5 per cent at $4,819.25 per ounce. Similarly, spot silver also jumped 5.5 per cent to $76.91 per ounce

Gold and silver ETFs were in demand in the week's first trading session, rising over 2% as safe-haven buying surged amid West Asia tensions

Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg

Nearly 3 million accounts added at peak, just before prices reversed

Silver prices nosedived to hit their lower circuit in futures trade on Monday, tumbling by Rs 20,409 to Rs 2.06 lakh per kilogram amid weak global trends and sustained selling pressure. On the Multi Commodity Exchange, silver for May delivery slumped Rs 20,409, or 9 per cent, to Rs 2,06,363 per kilogram, its lower circuit limit. Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices. Silver prices have fallen sharply on Monday despite escalating West Asian tensions due to overriding macroeconomic pressures, Hareesh V, Head of Commodity Research, Geojit Investments Ltd, said. He added that a strong US dollar and rising Treasury bond yields have weakened bullion by increasing holding costs and making dollar-denominated metals more expensive for global buyers. In the international market, silver futures on the Comex for the May contract declined by USD 6.51, 9.34 per cent, to USD 63.15 per

Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight

Silver, like gold, remains under acute downside pressure as hardening yields and fading rate-cut expectations reflect central banks' heightened vigilance against the spectre of inflation.

On Thursday, Brent crude futures climbed $3.69, or 3.44 per cent, to $111.07 per barrel. The US West Texas Intermediate crude rose $2.29, or 2.38 per cent, to $98.61 per barrel

Despite the month-on-month (M-o-M) dip, inflow remains substantial, accounting for 54 per cent of all ETF flows in February: Siddharth Srivastava

So far this year, MCX spot silver has rallied 6.5 per cent and gold has gained nearly 16.4 per cent, according to data compiled by Bloomberg

The report highlights a clear divergence in behavior between Indian retail investors and global institutional players, identifying four distinct phases in the silver ETF net flow.

At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each