Silver ETFs beat gold in inflows for 3rd month, gain investor favour

With silver outperforming gold and industrial demand rising, silver ETFs have drawn higher inflows than gold ETFs for three consecutive months, Amfi data shows

For the first time in over two years, silver exchange-traded funds (ETFs) have attracted more investor flows than gold ETFs for three consecutive months, marking a notable shift in investor preference amid a sharp rally in silver prices.

 

Silver ETFs saw net inflows of ₹853 crore in May, nearly three times the ₹292 crore garnered by gold ETFs, according to data from the Association of Mutual Funds in India (Amfi). Since March 2025, silver ETF inflows have totalled ₹2,277 crore, compared with just ₹209 crore for gold ETFs.

 

The surge in flows appears broadbased, according to mutual fund officials, as