Silver ETFs Rise Up to 6% as West Asia Tensions Boost Precious Metals

Silver exchange-traded funds (ETFs) saw strong gains on March 17 as rising tensions in West Asia pushed investors towards safe-haven assets like gold and silver.

Silver ETFs See Strong Gains

Several silver ETFs recorded notable gains during the day:

• HDFC Silver ETF rose 5.3%
• Kotak Silver ETF gained 5.4%
• Nippon India Silver ETF and ICICI Prudential Silver ETF climbed around 4%
• SBI Silver ETF advanced 5.2%
• Axis Silver ETF jumped 6.1%

These gains were driven by a rise in underlying silver prices.

Silver and Gold Prices Trend

• MCX silver futures (May contract) rose 1% to ₹2,62,650 per kg
• MCX gold futures increased about 0.55% to ₹1,56,611 per 10 grams

So far in 2026:

• Silver prices are up 6.5%
• Gold prices have surged by around 16.4%

In comparison, equity markets like Nifty and Sensex have declined by around 10–11%, making precious metals more attractive.

Gold ETFs Show Mixed Performance

Gold ETFs showed a mixed trend:

• Aditya Birla Sun Life Gold ETF rose 3%
• Axis Gold ETF and Tata Gold ETF gained around 1%
• Nippon India Gold ETF added 1%
• LIC MF Gold ETF and DSP Gold ETF saw modest gains

Why Precious Metals Are Rising

The main reasons behind the rise include:

• Ongoing geopolitical tensions in West Asia
• Increased demand for safe-haven assets
• Stable interest rate expectations globally

Investors are also watching the upcoming US Federal Reserve policy meeting for further direction.

Read More: Best Gold Stocks in March 2026 Based On 5‑Year CAGR: Thangamayil Jewellery, D P Abhushan and More!

Conclusion

Silver ETFs have rallied strongly as global uncertainties push investors towards safer assets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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