Silver ETFs see worst swing of 2025 on China, CME actions

Indian retail investors witnessed the sharpest intraday swing of 2025 in silver-exchange traded funds (ETFs) on Monday, as prices reacted to China's export restrictions and the increase in margins on the white metal by the world's most diverse derivatives marketplace, CME Group, over the weekend.

- Ram Sahgal

Silver has risen 154% on CME to $75.82 an ounce

(BLOOMBERG)

Shortly after opening at 9:15am, Nippon Silver ETF, the largest by assets under management (AUM) of ₹26,361.5 crore (as of 24 December), surged by 11% to a record high of ₹243.29 a gram from Friday's closing of ₹219.85.

From there, it plunged around 12:30pm by 19% to a low of ₹196.30 per gram before closing 0.72% lower at ₹218.25, showed data from National Stock Exchange of India Ltd (NSE).

Similarly, Kotak Silver ETF gyrated in a 24% band, between a high of ₹244.7 and ₹185.57 per gram before closing 1.75% higher at ₹223.51.

Tata Silver ETF swung 29%, moving between a high of ₹25.10 and a low of ₹17.77 per one-tenth gram, before closing flat at ₹22.44.