Silver holding well despite elevated yields and a firmer US Dollar is a positive sign. However, easing the silver lease rate has taken out the bullish sting to some extent
Half of the top 10 schemes pare exposure, others raise their bets
Fund houses including Tata, HDFC, Kotak and Aditya Birla Sun Life lift curbs on silver ETF FoFs as supply pressures ease and premiums stabilise
In the short-term, however, further heightened volatility can not be ruled out, especially due to geopolitical factors and US CPI data
After soaring above NAVs, ETFs correct as supply and demand finally reconcile
In particular, one-time investments in silver ETFs, which are trading at high premiums, must be avoided
Axis Mutual Fund and Tata MF suspend new investments in their silver ETF FoFs as soaring silver prices and supply shortages push ETFs to trade at steep premiums
With gold and silver at record highs, understand how ETFs are taxed before making your move
This holding is nearly 88.8 per cent of India's gross domestic product (GDP), the note said; and at the current market value is about 3.1x times the current equity stock holding with Indian households
Silver ETFs Fall Today: Year-to-date (Y-T-D), Multi Commodity Exchange (MCX) spot gold is up 60 per cent, and MCX spot silver has jumped 84 per cent, per Bloomberg
Our fund of funds isn't allowed to invest in silver futures, only in silver ETFs. So, we had no option but to pause fresh purchases - else, investors would enter at a 10 per cent premium, Shah said
The existing SIP (Systematic Investment Plan) and STP (Systematic Transfer Plan) in Kotak Silver ETF Fund of Fund will however remain active
Huge surge in silver ETF inflows is the major driver of this stunning ongoing silver rally as Fed rate cut expectations boost investors' sentiments
Spot silver closed with a loss of over 2 per cent at $41.67 MOz on September 17 as the US Dollar Index and bond yields spiked higher on the Fed Chair Powell's comments in his post FOMC presser
Praveen Singh, head of currencies and commodities at Mirae Asset Sharekhan, sees a weakening US labour market as a potential source of concern for the metal
New investors should enter in a staggered manner with an over five-year horizon
Silver outlook continues to remain constructive on rate cut expectations, huge ETF inflows, elevated geopolitical and economic risks. Strength in gold bodes well for silver.
Strong ongoing rally in Chinese equities is mostly positive for the grey metal. CSI33 Index has rallied over 27 per cent from its April low.
The Nippon India Silver ETF is listed on the stock exchange and primarily invests in physical silver and/or Exchange-Traded Commodity Derivatives (ETCDs) linked to silver
If Nifty falls below 24,673, it could be dragged down to the next support level near 24,340. On the upside, 24,900 is expected to offer short-term resistance, said Vinay Rajani of HDFC Securities