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Silver ETF Price Today: Silver ETFs jumped over 8% as global silver hit $94.3/oz. Groww Silver ETF rose 8.89%, driven by strong demand and supply shortages, experts said.
During such rallies, when physical supply tightens and market makers struggle to source silver, ETFs often trade at a premium, say analysts.
Silver ETF Price Today: Silver ETFs (Exchange Traded Fund) have jumped sharply by over 8 per cent in one day, driven by record-breaking prices in silver across the globe. The sharp rally in white metal has continued in 2026 following an unprecedented surge in 2025 – over 170 per cent.
According to industry experts and analysts, the surge in silver prices is driven by strong global geopolitical uncertainty, supply-side concerns, a weakening US dollar, and robust industrial as well as investment demand.
At the international spot market, silver surged to a record high of $94.3 per ounce, surging almost 38 per cent in the last 30 days.
Groww Silver ETF is up 8.89 per cent to trade at Rs 315.28 as of January 20, 2026. In the last one year, the ETF has given a return of 230.79 per cent to investors, a way above than any other asset class.
What Should Investors Do – Book Profit Or Stay Invested?
According to Justin Khoo, Senior Market Analyst – APAC at VT Market, the jump reflects a deep shift in how investors now view silver. In his view, rising geopolitical tensions and global macro uncertainty have pushed investors toward safe-haven assets, and silver is clearly benefiting from that trend.
Khoo believes this breakout should not be seen as a one-off spike. Instead, it signals a broader structural uptrend. Supply constraints and strong industrial demand — especially from solar energy, electronics, and electric vehicles — are providing solid long-term support. While prices at record highs naturally bring higher volatility, he advises investors to avoid chasing rallies. Short-term traders may book profits near peaks, but long-term investors, he says, should treat silver as a hedge against inflation and market instability, buying on meaningful dips while maintaining disciplined risk management.
The bullish case finds further backing in data and technicals, says Aamir Makda, Commodity & Currency Analyst at Choice Broking.
Makda notes that by mid-January 2026, silver had already delivered nearly 30% returns, extending the strong momentum seen in 2025. Prices touching $93 per ounce — once considered unthinkable — reflect what he calls a “perfect storm” of industrial scarcity and geopolitical shifts.
He explains that silver is no longer just a precious metal but a critical industrial input. Rapid expansion in solar photovoltaic capacity, rising electric vehicle production, and the growing needs of AI and data centres have sharply increased demand. At the same time, supply has struggled to keep pace. China’s strict export licensing, limited mining growth, and falling inventories have pushed the market into a deep structural deficit, estimated at around 230 million ounces so far in 2026.
Valuation and sentiment are the key risks for fresh investors at current levels, Ross Maxwell, Global Strategy Operations Lead at VT Markets, told Moneycontrol. He said silver is far more volatile than gold, and sharp rallies are often followed by quick corrections once speculative interest cools.
Maxwell warned that entering at record highs could expose investors to near-term downside if prices consolidate or retrace. For those still keen, he suggested dollar-cost averaging through small, staggered investments instead of lump-sum entries.
For existing investors, Maxwell said this is a sensible zone to book partial profits, especially if silver was held as a short-term trade. Long-term investors, however, may continue holding a core position, though large fresh investments at current prices may not be ideal.
Comparison of Top Silver ETFs (January 2026)
| ETF Name | Ticker | Expense Ratio (Approx) | Liquidity |
| Nippon India Silver ETF | SILVERBEES | 0.50% – 0.60% | Very High |
| ICICI Pru Silver ETF | SILVERIETF | 0.40% | High |
| HDFC Silver ETF | HDFCSILVER | 0.45% | Moderate-High |
| SBI Silver ETF | SBISILVER | 0.40% | Moderate |
| Kotak Silver ETF | KOTAKSILVER | 0.45% | Moderate |
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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January 20, 2026, 13:32 IST
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