Silver ETF Sees 98.8% Return, Investors Warned of Higher Volatility

The ICICI Prudential Silver ETF has posted a remarkable one-year return of 98.8%, outperforming its peers in the silver exchange-traded fund category.

This performance is particularly notable given the current market conditions, with other funds like the Aditya Birla SL Silver ETF and the Kotak Silver ETF also reporting strong gains.

As of mid-2026, the ICICI Prudential fund manages over Rs 13,800 crore in assets, highlighting its scale in the segment.

However, investors should be aware that silver ETFs carry significantly higher volatility than gold and depend heavily on industrial demand. A large portion of silver demand comes from industrial applications, such as the production of solar panels and electronic components.