Silver ETFs Jump Up to 12%, Gold ETFs Gain Up to 11% After Thursday’s Crash

After witnessing a sharp decline on Thursday, gold and silver exchange-traded funds (ETFs) rebounded strongly on Friday. The recovery came even as global geopolitical tensions eased, supporting renewed buying interest in precious metals.

Silver ETFs Lead the Rally

Silver ETFs recorded double-digit gains across the board.

• HDFC Silver ETF rose 11.4%
• SBI Silver ETF gained 11.5%
• Axis Silver ETF jumped 11.9%
• Kotak, Nippon India and ICICI Prudential Silver ETFs climbed around 11% each

The strong rally highlights continued investor interest in silver despite recent volatility.

Gold ETFs Also Post Solid Gains

Gold ETFs also moved higher, though gains were relatively moderate compared to silver.

• Tata Gold ETF surged 10.9%
• Axis Gold ETF gained 7.7%
• Aditya Birla Sun Life Gold ETF rose 6.6%
• LIC MF Gold ETF climbed 8%
• Nippon India and DSP Gold ETFs added around 6–6.5%

MCX Prices Support ETF Gains

The rise in ETFs followed a recovery in gold and silver prices on the Multi-Commodity Exchange (MCX).

• MCX Gold February futures were up 1.28% at ₹1,58,341
• MCX Silver March contracts hit a new high, rising 2.61% to ₹3,35,830

So far in January, MCX spot silver has jumped 28%, while gold is up nearly 13.6%. In comparison, equity markets have struggled, with the Nifty and Sensex down over 3% each.

Why Prices Fell on Thursday

On Thursday, gold and silver ETFs came under pressure after geopolitical tensions eased. This followed comments from US President Donald Trump, who rolled back tariff threats against European countries after discussions related to Greenland and the Arctic region.

The easing of tensions reduced safe-haven demand, leading to a temporary sell-off.

Also Read: Silver ETFs Gains in 2026: Tata Silver ETF FoF, Nippon India Silver ETF and Others!

Conclusion

Despite short-term volatility, gold and silver ETFs continue to attract investors as prices remain in a strong uptrend. With precious metals outperforming equities in January, sentiment remains positive for the near term.

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