List of Best Silver ETF to Invest

Silver is not just a precious metal for jewellery and gifting anymore. With the rise in investment awareness and the evolution of financial markets, silver exchange traded funds (ETFs) have emerged as a smart way to gain exposure to this shining asset. If you're looking to invest in a silver ETF in 2026, you are at the right place.

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Silver ETFs: Overview

Silver ETFs are investment instruments that track the spot price of silver. These ETFs invest in physical silver or silver-related instruments regulated by SEBI in India. Fund managers buy 99.9% pure silver in bulk and store it in secure vaults on behalf of investors.

The silver ETF share price directly reflects silver's market price. As the price of silver rises or falls, the silver ETF price moves accordingly. You don't need to worry about purity, storage, or theft; everything is handled by the fund house.

Silver ETFs are traded on stock exchanges just like equity shares. You can buy silver ETF units through your Demat account and trading account at real-time market prices.

Three Key Factors Behind Silver's Rally

Global Silver prices skyrocketed over 160% in 2025, climbing to new record highs above $80 per troy ounce. While in India, Silver prices surged up to 170% on a year-to-date basis.

Supply Deficit Crisis

Silver entered its fifth consecutive year of a deep supply shortage, with global deficits crossing 200 million ounces annually. Mine output kept falling, while inventories on COMEX and the Shanghai Exchange declined sharply, creating an intense squeeze on available physical silver.

Explosive Industrial Demand

Industrial use of silver touched an all-time high of 680.5 million ounces, led by booming demand from solar panel manufacturers, which alone consumed about 20% of global supply. The rise of electric vehicles and AI-driven data centers added further pressure. Demand remained inelastic, manufacturers had no choice but to buy, regardless of price, to keep production lines running.

Geopolitical Uncertainty

Intensifying global tensions, growing de-dollarisation efforts by China and India, changing U.S. trade policies under Trump, and a series of Federal Reserve rate cuts throughout 2025 pushed investors toward safe-haven assets like silver. Lower interest rates also reduced the cost of holding non-yielding metals, further fueling the surge.

Below is the updated silver ETF list for 2026. These are currently the top silver ETF options available in India, based on their performance, liquidity, and tracking efficiency.

Kotak Silver ETF

Kotak Silver ETF was launched on 5 December 2022 and has built a respectable AUM of ₹2,629.48 crore, reflecting steady investor interest. The fund charges a Total Expense Ratio (TER) of 0.45%, which is in line with most peers in the silver ETF category. Its NAV fluctuates daily based on international silver prices and the INR–USD exchange rate, ensuring transparent price discovery. Over the past year, the ETF delivered a strong return of 159.92%, closely mirroring the sharp rally in silver prices.

Axis Silver ETF

Axis Silver ETF, launched on 5 September 2022, is a relatively smaller player with an AUM of ₹913.27 crore, but it stands out for its low expense ratio of 0.37%, making it cost-efficient for investors. The ETF’s NAV is market-linked and updated daily, tracking physical silver prices. Despite its smaller size, it posted a solid 1-year return of 159.64%, indicating efficient tracking of the underlying commodity.

Nippon India Silver ETF

Nippon India Silver ETF is the largest and most liquid silver ETF in India, having been launched on 5 February 2022. It commands a massive AUM of ₹19,915.14 crore, which enhances liquidity and reduces tracking friction. The fund has a slightly higher TER of 0.56%, reflecting its scale and operational costs. Its NAV moves daily in line with global silver prices, and over the last year, it generated a robust return of 159.26%, making it a preferred choice for large and long-term investors.

ICICI Prudential Silver ETF

ICICI Prudential Silver ETF, introduced on 21 January 2022, combines size and efficiency with an AUM of ₹10,738.97 crore. The fund charges a competitive expense ratio of 0.40%, striking a balance between cost and performance. Its NAV is calculated daily, ensuring close alignment with silver price movements. Notably, it delivered the highest 1-year return of 160.48% among its peers, highlighting strong tracking efficiency.

Aditya Birla Sun Life (ABSL) Silver ETF

Aditya Birla Sun Life (ABSL) Silver ETF was launched on 28 January 2022 and manages an AUM of ₹2,004.81 crore. It is among the most cost-effective options in the segment, with a TER of just 0.35%. The ETF’s NAV changes daily based on underlying silver prices, offering transparency to investors. Over the last year, it recorded an impressive return of 160.15%, making it attractive for cost-conscious long-term investors.

HDFC Silver ETF

HDFC Silver ETF, launched on 5 September 2022, has accumulated a healthy AUM of ₹3,757.20 crore, reflecting growing investor confidence. The fund charges a TER of 0.45%, which is standard for commodity ETFs. Its NAV is updated daily and closely tracks the price of physical silver. In the past year, the ETF delivered a return of 159.56%, aligning well with broader silver market performance.

DSP Silver ETF

DSP Silver ETF entered the market on 19 August 2022 and currently has an AUM of ₹1,548.89 crore. With a TER of 0.40%, it is reasonably priced within the category. The ETF’s NAV fluctuates daily, reflecting movements in international silver prices. Over the last year, it generated a return of 154.99%, which, while slightly lower than peers, still captures the overall uptrend in silver.

Conclusion

Silver ETFs have opened up a new gateway for Indian investors to benefit from silver as a commodity, without the burden of physically owning it. With increasing demand for silver in industrial applications and as an investment hedge, it makes sense to consider these funds as part of your portfolio in 2026.

ETFs offer high purity, liquidity, ease of trade, and effective portfolio diversification. Whether you're looking for a low-cost option with competitive expense ratios or simply the best silver ETF in India with strong AUM and liquidity, the 2026 landscape offers something for everyone. You can even balance your exposure using gold and silver ETFs together for added stability.

The key is to start small, learn how they function, and invest in a silver ETF based on your risk appetite and financial goals. With structural supply deficits expected to persist and industrial demand reaching unprecedented levels, silver's role as both an industrial commodity and safe-haven asset positions it uniquely for continued growth in 2026.