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Silver ETFs fired up by scarcity, festive season
Hindustan Times Pune
|October 10, 2025
Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.
Spot silver prices hit a peak of $49 an ounce on Thursday.
(ISTOCKPHOTO)
“Sales by multi-asset schemes of mutual funds later caused the premiums to narrow by the day end,” said Satish Dondapati, fund manager at Kotak Mahindra AMC, adding that when there is a supply shortage, silver ETFs typically trade at a 0.5-1% premium to spot prices.
The premiums, though, remained well above normal for the rest of the day. Notably, multi-asset schemes of mutual funds hold around 20% of their assets in gold and silver.
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