Silver ETF Delivers 230% Return: Nippon, Tata, ICICI, SBI To Axis; How To Choose The Best Silver ETF In India?

Silver ETF Share Price: A sharp surge in silver prices in India over the past 12 months has significantly boosted investor interest in associated exchange-traded funds (ETFs). Silver ETFs have delivered eye-catching returns of up to 230% during the period, driving a strong rise in their popularity among retail and institutional investors alike.

From Tata Silver, Nippon India, ICICI Prudential, HDFC, SBI, Groww, Axis, to Kotak, nearly all the silver ETFs have delivered strong returns of up to 230% over the past month. The beginning of the year 2026 has unlocked high volatility in silver prices.

When To Invest in Silver?

Experts caution that although silver ETF prices have surged sharply over the past month, a significant correction could be on the horizon. Such a pullback may present an attractive entry opportunity for long-term investors looking to accumulate silver ETFs at more reasonable levels.

"The sharp surge in gold and silver ETFs is a clear reflection of how aggressively investors are repositioning toward safe-haven assets amid heightened global uncertainty. Gold prices trading near $4,950-$4,970 per ounce on COMEX, while silver rallies close to $99 per ounce, have pushed both metals firmly into record territory," noted Justin Khoo, Senior Market Analyst - APAC, VT Market.

"While the momentum remains intact, such elevated levels also increase the risk of short-term volatility and profit-taking. Still, ETF demand suggests investor conviction in precious metals as a strategic hedge remains robust," the expert added.

How To Select The Best Silver ETF in India?

One of the most common metric to identify a best performing silver ETF in India is to analyse the past performance. However, it is important to note that a fund's historical returns do not guarantee similar performance in the future.

"With a growing number of ETFs in India, choosing the right one requires more than looking at past returns. Investors should first align the ETF with their financial goals and risk profile. It is important to understand the underlying index, compare expense ratios, and check tracking error," explained Vinit Rathi, CEO, Avisa Wealth Creators.

Additionally, checking for metrics like asset under management (AUM), fund manager details, benchmark, etc also offer crucial information to decide which one is the best silver ETF.

"Liquidity, assets under management, and fund house credibility also matter. Investors should avoid buying ETFs at a high premium to iNAV, as it can dilute future returns. A good ETF tracks its index efficiently at a low cost over the long term for disciplined investors too," added Rathi.