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.

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.

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.

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