FOMO in Silver – ETFs Shine as Prices Touch ₹1.5 Lakh

Silver fever is back, and this time, it’s all about FOMO.

Silver just hit ₹1.50 lakh per kg, and suddenly, everyone wants a piece of the metal. Investors who ignored it below ₹1 lakh are now rushing into Silver ETFs, even at hefty premiums over their indicative NAVs.

On the NSE, top-traded Silver ETFs like SBI Silver, HDFC Silver, and Axis Silver surged 9–13%, far outpacing the underlying metal’s performance. Interestingly, while ETFs raced ahead, the MCX Silver December Futures slipped 0.6%, highlighting that retail enthusiasm, rather than fundamentals, is driving the current buying frenzy.

Investors are now closely comparing both metals, and as highlighted in Business Standard Gold vs Silver: Where to invest, how much and price targets?, Understanding their relative performance can help in making balanced portfolio decisions.

This is a classic case of FOMO buying, where investors chase prices after a strong rally, often near short-term peaks.

But We Called It Much Earlier!

While the crowd is waking up now, our readers have been ahead of the curve for months. Here’s a look back at how Samco consistently spotted the silver breakout story early:

• April 8, 2024: We discussed the possibility of silver reaching $50/ounce.
  
  
  
• Muhurat Pick (Samvat 2081): We added Gold and Silver ETFs as bonus recommendations.
  
  
  
• 20 February 2025: We published a Samshots series highlighting
   
  
  
• 21 Feb 2025 – Highlighted Weak Dollar & Silver-to-Gold Spread at Historic Lows
  
  
  
  
  
• 24 April 2025: We noted that a 100-year chart showed silver was deeply undervalued versus gold.
  
  
  
• 3 June 2025: We said new all-time highs in silver were coming soon.
  
  
  
  
• 9 June 2025: We urged investors to “pay attention when silver breaks out.”
  
  
  
  
• 18 June 2025: We said, “The bigger the base in silver, the higher it can move in space.”
  
  
  
• 11 July 2025: We highlighted that President Trump’s policies could push silver higher.
  
  
  
• 4 September 2025: We forecasted ₹1.50 lakh as an attainable target.
  
  
  
• 24 September 2025: We reiterated that ₹1.50 lakh was within reach.
  
  
  And now, here we are, Silver has finally hit the ₹1.5 lakh milestone.
  Meanwhile, Platinum: The elder cousin of gold & silver is poised for a comeback, highlighting how investors are now expanding their focus beyond gold and silver to other precious metals

Time to book profit in gold, silver after 61% jump in the last one year? This outlook was also featured on Business Standard : Gold and silver up ~61% in a year — should you take profits now?

The Takeaway

While latecomers rush in, seasoned investors know that disciplined positioning, not panic buying, creates wealth. The current ETF premiums and retail euphoria signal that sentiment, not fundamentals, is in control for now. 
This outlook was also featured on Moneycontrol, which analyzed why Silver ETFs are trading at a premium and what investors should consider in the current market scenario.

Interestingly, Gold Or Silver? No, Platinum Is Shining The Most With 50% Returns In 2025 So Far shows that platinum has delivered remarkable returns this year, surpassing both gold and silver.

The silver story is far from over, but as always, smart money moves early, not emotionally.