New Delhi, Oct 11
India’s silver exchange‑traded funds (ETFs) are trading at steep premiums over international benchmarks amidst surging festive demand and constrained physical global supply, a report said on Saturday.
Investment inflows into silver products hit record levels globally in H1‑2025, adding about 95 million ounces – exceeding the total inflows of the entire previous year, the report from Axis Mutual Fund said.
Further, it pushed total ETF holdings to roughly 1.13 billion ounces (worth over $40 billion) by mid-2025, Axis Mutual Fund said.
Global mining output has grown only modestly and is expected to peak by 2026, even as industrial and investment demand climbs, driven by solar photovoltaics, electric vehicles, electronics, 5G infrastructure, and semiconductors.
Recent purchases by Saudi Arabia’s central bank have highlighted further central banks' interest in silver, amplifying the demand shock.