So far this year, there has been a spectacular rise in the price of silver. According to IBJA, the prices have increased by Rs 18,805 so far this year. On January 1, the price of one kg silver was Rs 73,395 per kg, which has now increased to Rs 92,200.
According to Anuj Gupta, Commodity and Currency Head, HDFC Securities, silver can reach Rs 98 per kg by the end of this year. In such a situation, if you are planning to invest in silver then silver ETF can be the right option.
Through Silver ETF, you can invest in silver like shares. It has given returns of up to 34% in the last 1 year. Here today we are telling you about Silver ETF…
First of all understand what is ETF?
The facility to buy silver like shares is called Silver ETF. These are exchange-traded funds, which can be bought and sold on stock exchanges. Since the benchmark of a silver ETF is spot silver prices, you can purchase it at a price close to the actual price of silver.
There are many benefits of investing in silver ETF
- You can buy silver even in small quantities: Buy silver in units through ETF. This makes it easier to buy silver in small quantities or through SIP (Systematic Investment Plan). The price of 1 unit of Silver ETF is currently less than Rs 100. That means you can start investing in it with less than Rs 100.
- Silver remains safe: Electronic silver is kept in the demat account in which only annual demat charges have to be paid. Also there is no fear of theft. Apart from the danger of theft of physical silver, there is also expenditure on its security.
- Ease of Trading: Silver ETFs can be bought and sold instantly without any hassle. That means you can sell it whenever you need money.
These silver ETFs gave better returns in the last 1 year
| ETF | Returns in last 1 year | Returns in last 3 years |
| Nippon India Silver ETF | 34% | 49% |
| ICICI Prudential Silver ETF | 32% | 40% |
| Aditya Birla Sun Life Silver ETF | 32% | 47% |
| HDFC Silver ETF | 32% | 70% |
| Axis Silver ETF | 30% | 67% |
Source: Grow, 5 October 2024
Graphics Source: VaskarAssets
