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Silver ETFs - List of Best Silver ETFs in India 2026

Silver prices in India have surged 74% in the first month of 2026, reaching a record ₹4 lakh per kilogram. This sharp increase has drawn attention to silver as a significant asset in the market. As the demand for silver rises, silver ETFs have become a popular instrument for investors looking to gain exposure to the metal. Let’s take a look at some of the best Silver ETFs in India, along with their live share prices, expense ratios, and other key metrics.

Top-Performing Silver ETFs in 2026

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Showing 1 - 16 of 16 results

last updated at 6:30 AM IST 
NameStocks (16)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓Volatility vs NiftyVolatility vs Nifty↓↓Expense RatioExpense Ratio↓
1.Nippon India Silver ETFSILVERBEESSilverSilver24,835.0724,835.07223.79223.791.701.70-19.18-19.18103.33103.33140.09140.093.983.980.560.56
2.ICICI Prudential Silver ETFSILVERIETFSilverSilver385.81385.81233.08233.081.561.56-19.61-19.61103.49103.49140.88140.883.783.780.400.40
3.HDFC Silver ETFHDFCSILVERSilverSilver84.2084.20223.70223.701.921.92-19.70-19.70102.72102.72139.51139.514.164.160.450.45
4.Mirae Asset Silver ETFSILVERAGSilverSilver82.9982.99227.11227.111.331.33-19.24-19.24102.70102.70140.12140.124.144.140.340.34
5.DSP Silver ETFSILVERADDSilverSilver75.2075.20225.27225.271.741.74-19.28-19.28103.61103.61140.57140.573.793.790.400.40
6.Aditya BSL Silver ETFSILVERSilverSilver62.6862.68233.05233.051.621.62-19.64-19.64103.27103.27140.41140.414.134.130.350.35
7.SBI Silver ETFSBISILVERSilverSilver55.3955.39228.79228.791.651.65-19.18-19.18102.81102.81140.43140.433.963.960.400.40
8.Kotak Silver ETFSILVER1SilverSilver40.9040.90226.38226.381.371.37-19.67-19.67103.34103.34139.83139.834.024.020.450.45
9.Axis Silver ETFAXISILVERSilverSilver28.7328.73231.77231.771.401.40-19.39-19.39102.77102.77138.59138.593.943.940.400.40
10.Tata Silver Exchange Traded FundTATSILVSilverSilver26.6826.6822.7422.741.881.88-19.22-19.22104.13104.13141.15141.154.154.150.440.44
11.Zerodha Silver ETFSILVERCASESilverSilver21.6321.6323.7623.761.711.71-19.46-19.46103.60103.60133.63133.634.084.080.330.33
12.Edelweiss Silver ETFESILVERSilverSilver16.1816.18233.80233.800.750.75-19.50-19.50103.36103.36139.77139.773.873.870.470.47
13.360 ONE Silver ETFSILVER360SilverSilver15.6115.61229.87229.871.041.04-20.18-20.18102.53102.53136.49136.494.114.110.410.41
14.UTI Silver Exchange Traded FundSILVERBETASilverSilver15.6115.61225.59225.591.591.59-19.48-19.48102.52102.52139.28139.283.963.960.580.58
15.Bandhan Silver ETFSILVERBNDSilverSilver12.1512.15234.93234.931.951.95-19.04-19.0420.5120.5120.5120.518.138.130.450.45
16.Motilal Oswal Silver ETFMOSILVERSilverSilver10.6210.62231.69231.691.431.43-18.83-18.83103.15103.15102.65102.655.135.130.550.55
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection Criteria - ETF > Silver | Sorted based on market capitalisation.

Overview of Top Silver ETFs in India

Nippon India Silver ETF

Nippon India Silver ETF aims to track the price of silver by investing in physical silver or silver‑related assets. It offers a convenient way to gain exposure to silver price movements without owning physical silver.

ICICI Prudential Silver ETF

Managed by ICICI Prudential Mutual Fund, this ETF reflects the performance of silver prices. It provides investors with a cost‑effective and liquid way to invest in silver through the stock exchange.

HDFC Silver ETF

Offered by HDFC Mutual Fund, this Silver ETF tracks the price of silver by holding physical silver. It helps investors participate in silver’s price trends without the need for physical storage.

Mirae Asset Silver ETF

This ETF from Mirae Asset Mutual Fund seeks to replicate the price movements of silver. It is designed for investors seeking an easy and efficient way to invest in silver via the stock market.

DSP Silver ETF

Managed by DSP Mutual Fund, this Silver ETF invests in silver or silver‑linked assets to mirror silver price changes. It offers a transparent and accessible route to invest in silver without owning the metal physically.

What are Silver ETFs?

Silver ETFs in India are exchange-traded funds that aim to track the price of silver. These ETFs hold silver in physical form or through silver-related assets, allowing investors to gain exposure to silver's price movements without having to purchase or store physical silver.

How to Invest in Silver ETFs?

Investing in silver ETFs in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in silver ETFs:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for silver ETFs: Go to Tickertape Stock Screener and search for the ‘silver ETF’.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, and more to create silver ETFs list.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Recent Updates on Silver Sector in India

  1. Silver prices in India reached a record ₹4,00,000 per kilogram for the first time in early 2026. This big jump came from higher demand for precious metals as global uncertainty grew.
  2. India was the world's top buyer of refined silver last year. In 2025, it imported silver worth $9.2 bn, a 44% jump from the year before. This big increase shows strong demand for silver in India, even with high prices.
  3. Demand stays high in India for jewellery, coins, bars, and industry uses. Sectors like electronics and solar energy need more silver, pushing demand even higher.
  4. In 2025, India's silver imports hit about $9 bn, up 44% from the year before, even with high prices. The country meets over 80% of its silver needs through imports and remains a huge global market.

Advantages of Investing in Silver ETFs in India

Convenient Exposure to Silver

Silver ETFs in India let investors gain exposure to silver prices without owning or storing the metal physically. This removes concerns related to security, insurance, and storage costs that come with holding physical silver.

Liquidity and Flexibility

Listed on major stock exchange like NSE, Silver ETFs can be bought and sold easily during market hours. They offer high liquidity, allowing investors to quickly enter or exit their positions.

Transparent and Real-Time Tracking

Silver ETF prices move in line with the current market price of silver. Investors can track their investment value in real time, ensuring full transparency and clarity on performance.

Simplicity of Investment

Investors only need a demat and trading account to invest in Silver ETFs, making the process simple. They don’t need large capital or the hassle of handling physical silver, which makes it accessible to a wide range of investors.

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Risks of Investing in Silver ETFs in India

Market Volatility

Silver prices fluctuate sharply due to economic conditions, inflation, and geopolitical events. These changes may cause potential losses, especially in the short term.

Tracking Error

Silver ETFs aim to mirror silver’s price, but their returns may not always match it. Factors like management fees, transaction costs, and market conditions create this difference, called tracking error.

Counterparty Risk

Silver ETF in India holds physical silver in vaults managed by custodians. There is a risk associated with the custodians, such as potential financial instability or fraud, which could impact the ETF’s value.

Regulatory Risk

Government policy or regulatory changes, such as new taxes on silver or revised import duties, can influence Silver ETF performance. Any change in silver-related laws may impact investment returns.

Economic and Global Factors

Global demand, industrial use, and investor sentiment drive silver prices. An economic slowdown or reduced demand from sectors like technology or manufacturing can lower silver prices and, consequently, silver ETF performance.

Factors to Consider Before Investing in Silver ETFs

Price Volatility

Silver prices fluctuate due to factors like global economic conditions, inflation, and industrial demand. Before investing in Silver ETFs, investors should check their risk tolerance and track short-term price changes.

Expense Ratio

Silver ETFs charge management fees called expense ratios. Although these fees are usually lower than those of other gold-related funds, comparing expense ratios across different Silver ETFs is essential, as they can affect long-term returns.

Taxation

Silver ETF in India falls under capital gains tax rules. Long-term gains (held for over 36 months) are taxed at 20% with indexation benefits, while short-term gains (held for less than 36 months) are taxed at a higher rate. Investors should understand how these taxes influence potential returns.

Performance Tracking

Silver ETFs aim to track silver prices closely. However, tracking error can cause the ETF’s performance to differ slightly from silver’s actual price movement. Investors should check the ETF’s historical performance and tracking accuracy before investing.

Taxation on Silver ETFs

The tax treatment for Silver ETFs depends on the holding period. Below is the breakdown of the tax treatment for short-term and long-term gains:

Type of Gain Holding Period Tax Rate
Short-Term Capital Gains (STCG) Less than 12 months Taxed at your income tax slab rate
Long-Term Capital Gains (LTCG) More than 12 months 12.5% (without indexation)

Conclusion

Silver ETF in India is a simple and cost-effective way to invest in silver without dealing with physical silver. They offer flexibility, transparency, and easy access to the price movements of silver. However, like all investments, they come with risks such as price fluctuations, market fluctuations, tracking errors, and more.

Before investing in Silver ETFs, it’s important to consider factors like market trends, how long you plan to invest, and potential regulatory changes. By understanding these, investors can make better decisions. Using tools like the Tickertape Stock Screener, with over 200 filters, can help investors compare and choose the right Silver ETF in India that matches their investment thesis.

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Frequently Asked Questions on Silver ETFs

  1. What are silver ETFs?

    Silver ETFs are exchange-traded funds that track the price of silver. They allow investors to invest in silver without physically buying or storing the metal. Silver ETFs are traded on stock exchanges, just like stocks.

  2. Which silver ETF is best?

    As of 29th January 2026, some of the best Silver ETFs in India include:
    1. Nippon India Silver ETF(SILVERBEES)
    2. ICICI Prudential Silver ETF
    3. HDFC Silver ETF
    4. Mirae Asset Silver ETF
    5. DSP Silver ETF

    Disclaimer: The above silver ETFs list in India is for educational purposes only and should not be considered investment advice.

  3. How do silver ETFs work?

    Silver ETF fund holds physical silver or silver-related assets, and its value reflects the market price of silver. When investors buy units of the ETF, they are gaining exposure to silver, which can be bought or sold on the stock exchange.

  4. Is silver ETF a good investment?

    Silver ETF fund comes with risks like price volatility, tracking errors, and liquidity concerns, especially in volatile markets. Investors should consider these factors and their financial goals before investing in Silver ETFs.

  5. Is Zerodha Silver ETF taxable in India?

    Yes, Zerodha Silver ETFs are taxable in India. Short-term capital gains (if held for less than 12 months) are taxed at the investor's income tax slab rate, while long-term capital gains (held for more than 12 months) are taxed at a flat rate of 12.5%, with no indexation benefits.

  6. Is silver ETF risky??

    The main risks include market volatility (silver prices can fluctuate), tracking errors (the ETF’s performance may differ from the silver price), liquidity concerns, and counterparty risk related to the entities holding the physical silver.

  7. Is silver ETF better than FD?

    Silver ETFs and Fixed Deposits (FDs) serve different purposes. Silver ETF fund offers exposure to silver, which can provide protection against inflation and market volatility, while FDs offer guaranteed returns but are less flexible. Silver ETFs have the potential for higher returns based on silver price movements, while FDs provide stable, fixed returns.

  8. What is SBI Silver ETF and how to track SBI Silver ETF price?

    The SBI Silver ETF is an exchange-traded fund offered by SBI Mutual Fund that tracks the price of silver. You can track the SBI Silver ETF live price on Tickertape Stock Screener and also analyse SBI Silver ETF share price trends and other metrics using more than 200 filters.

  9. How can I track the silver ETF price today?

    You can easily track the silver ETF price today using the Tickertape Stock Screener. Investors can also analyse the ETFs using over 200 pre-built filters to assess key metrics like price trends, volume, and sector performance.

  10. What is Tata Silver ETF, and how to track Tata Silver ETF price?

    The Tata Silver ETF is an exchange-traded fund that tracks the price of silver. It allows investors to gain exposure to silver without physically holding the metal. You can track the Tata Silver ETF share price in real-time with tools like Tickertape Stock Screener.

  11. How can I track Nippon SILVERBEES share price?

    You can track the SILVERBEES share price in real-time on tools like the Tickertape Stock Screener. It also allows to analyse SILVERBEES performance using over 200 pre-built filters for a more in-depth analysis of price trends, volume, and other metrics.

  12. Can I withdraw silver ETF anytime?

    Yes, Silver ETFs can be bought and sold on the stock exchange during market hours, just like stocks, providing liquidity and flexibility. However, the ETF silver price may vary based on market conditions.

  13. How to invest in Silver ETFs?

    Investing in silver ETFs using Tickertape is simple. Here's how you can get started:
    1. Sign Up and Log In: Create an account or log in to Tickertape.
    2. Search for Silver ETFs: Use the Tickertape Stock Screener and select "Silver" under ETF Category.
    3. Use Filters: Apply filters to narrow down ETFs by criteria like market cap and price.
    4. Analyse ETF Data: Review data on each ETF, including performance and projections.
    5. Add to Watchlist: Keep track of potential ETFs by adding them to your watchlist.
    6. Invest Through Your Broker: Place a buy order through your linked brokerage account.

    Stay updated with alerts on your favourite ETFs and analyze your portfolio with Tickertape.

  14. What is the difference between Silver Mutual Funds and Silver ETFs?

    Silver Mutual Funds are actively managed and invest in a mix of silver-related assets, including mining companies and silver ETFs. Silver ETFs track the price of silver directly, offering a passive investment option with lower management fees. They are traded on stock exchanges like regular stocks.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.