Winning Bizness Desk

Mumbai This year, silver prices have seen a remarkable surge. According to IBJA, the price of 1 kg of silver has increased by ₹9,374, reaching ₹95,391. Experts believe silver prices may continue to rise in the future. If you are planning to invest in silver, Silver ETFs can be a great option. Through Silver ETFs, you can invest in silver just like stocks. In the past year, Silver ETFs have delivered up to 35% returns. Here’s everything you need to know about Silver ETFs.

What is an ETF?

Silver ETFs provide the convenience of buying silver like stocks. These are exchange-traded funds that can be bought and sold on stock exchanges. Since Silver ETFs are benchmarked against spot silver prices, you can invest in them at prices close to the actual value of silver.

Benefits of Investing in Silver ETFs

Buy Silver in Small Quantities: With ETFs, you purchase silver in units, making it easy to invest small amounts or through a Systematic Investment Plan (SIP). The price of one unit of a Silver ETF is currently less than ₹100, meaning you can start investing with an amount below ₹100.

Safe Storage: Electronic silver is stored in a Demat account, where you only need to pay an annual Demat charge. There is no risk of theft, unlike physical silver, which also incurs security-related expenses. Easy Trading: Silver ETFs can be bought and sold instantly without any hassle, allowing you to liquidate your investment whenever needed.

How to Invest in Silver ETFs?

To buy Silver ETFs, you need a Demat account. You can purchase units of Silver ETFs available on NSE or BSE, and the equivalent amount will be debited from your linked bank account. You can open a free Demat account through apps like Groww, Upstox, and Paytm. Once your account is active, you can choose the Silver ETF that suits your investment goals.