In tandem with the rally in gold, traders and investors have also focused on silver (as well as other precious metals like platinum and vanadium). Silver rose 21 per cent in dollar (USD) terms in 2024 (gold was up 28 per cent), and in 2025 (till May 31), silver and gold both ran up 25 per cent each. This return has comfortably beaten global stock-market indices over the same periods. Indian investors have participated in the bull run in both metals. Between June 2024 and June 1, 2025, assets under management (AUM) of Indian silver exchange-traded funds (ETFs) went up

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