17-07-2025
Silver Soars 32% In 2025: ETFs See Record Inflows Amid 13-Year High, Time To Buy?
Silver surged 32% in 2025, hitting $38 per ounce due to industrial demand, supply deficits, and investor interest. Silver ETFs demand surge in recent times.
Silver ETFs: Silver has turned out to be one of 2025's most exciting stories in the commodities space, jumping over 32% this year and crossing $38 per ounce—levels not seen since 2011. Behind this rally is a powerful mix of industrial demand, tightening global supply, and investor appetite, which is also driving a surge in silver-focused Exchange-Traded Funds (ETFs). Indian retail investors are increasingly joining this global wave through simplified access on platforms.
'This isn't just a commodity cycle—it's a structural shift," says Subho Moulik, CEO & Founder of Appreciate. 'Over 50% of silver demand now comes from solar panels and electronics. Pair that with five consecutive years of supply deficits, and you get sustainable price momentum. Silver is uniquely placed as both an industrial metal and a safe-haven asset, making it a rare dual-purpose investment."
US-listed silver ETFs like SLV and SIVR have rallied 28% YTD, while silver mining ETFs such as SIL and SILJ have jumped over 50%. Indian investors can now access these global instruments directly, with minimal barriers.
He adds, 'In INR terms, silver has strong support around Rs 1,09,450. If global momentum continues, Rs 1,13,000 isn't far."
Analysts believe silver's role in clean energy—especially solar installations, EVs, and 5G—will only grow. With that, silver is increasingly moving from being a tactical trade to a strategic portfolio allocation, especially through ETFs that offer direct, cost-effective exposure.
Aksha Kamboj, VP at India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, echoes the view. 'Silver has reached a milestone today, breaching Rs 1,12,000 per kg. The record points to increasing demand from the industry and investors. The Rs 1.12 lakh benchmark is not just a number—it reflects silver's growing appeal in a tech-driven, sustainable economy," she says. 'Long-term investors can consider staggered entries or SIPs in silver ETFs."
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