Silver ETF Inflows Surge 139% Month-on-Month in January: AUM Climbs to Rs 1.16 Lakh Crore
Silver ETFs experienced unprecedented inflows in January 2026, driven by booming prices and robust fund performance. Investors flocked to these assets for both safety and industrial opportunities amid a backdrop of significant market volatility.
– Record Inflows: Silver ETFs recorded a net inflow of Rs 9,463 crore in January, a remarkable 139% increase from December’s inflow of Rs 3,962 crore.
– Assets Under Management (AUM): The AUM for silver ETFs rose to Rs 1.16 lakh crore in January, marking a 61% growth from Rs 72,652 crore in December 2025.
Performance Amid Volatility
Despite fluctuating prices, silver ETFs yielded impressive returns, with gains reaching up to 52.28% in January. Key performers included:
– Tata Silver ETF: Highest return of 52.28%
– Axis Silver ETF: Gained 46.09%
– Zerodha Silver ETF: Produced a return of 45.52%
– Nippon India Silver ETF: Largest in AUM, posting a return of 44.45%
Market Drivers
In January, precious metals experienced significant price increases due to global uncertainties and shifting currency trends. This prompted investors to allocate funds toward safe assets, leading to increased demand for silver. Notably, silver surged nearly 19% during the month, reaching record highs.
– By January 29, silver futures hit fresh lifetime highs on the Multi Commodity Exchange (MCX), surpassing the Rs 4 lakh mark for the first time.
– The performance of silver outshone gold due to its dual appeal as both a precious asset and an industrial commodity.
Sudden Market Reversal
January concluded with a stark turnaround. Following a price boom, profit-taking by investors led to dramatic price declines, resulting in the most significant drop in 15 years:
– On January 30, silver prices plummeted 27%, or Rs 1,07,968, retracting below Rs 3 lakh just a day after hitting a historic high.
– On January 31, another steep decline of 25%, or Rs 92,000, underscored the volatility of this precious metal.
Overview of the Sector
Currently, there are 17 silver ETF schemes with a total of nearly 47.84 lakh folios. No new schemes were launched in January, reflecting the established interest in the category.
In summary, January 2026 marked a pivotal month for silver ETFs, characterized by record inflows and exceptional performance. Despite the volatility, the surge in investor interest highlights silver’s enduring appeal in uncertain market conditions. As the new year unfolds, these trends may continue, making silver ETFs a focal point for investors seeking growth and stability.