SENSEX   77,235.46

 -492.70

NIFTY   24,154.90

 -132.75

CRUDEOIL   8,197.00

+ 134.00

GOLD   154,263.00

 -1,677.00

SILVER   231,743.00

 -6,305.00

Updated - August 18, 2026 at 09:18 PM.

3D illustration of silver bullion bars over a blue background with growing chart. Commodities investment concept, horizontal image. | Photo Credit: Olivier Le Moal

Silver ETFs have gone from a high-octane rally to a period of consolidation. After delivering a stunning 161 per cent return in 2025, the category has gained just 2.4 per cent so far in 2026. The cooling is visible across key indicators. AUM fell 33% from its January peak of ₹1.17 lakh crore to ₹77,676 crore in July. The sharpest change has been visible in trading activity, with exchange volumes falling more than 90% from January highs, indicating that speculative enthusiasm has cooled. Yet the relatively stable folio base suggests investors continue to view silver as a strategic portfolio allocation rather than a short-term trade.

Published on August 18, 2026

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