Gold and Silver ETFs staged a strong comeback as precious metal prices bounced back after a bruising phase of volatility. The recovery came after last week’s sharp correction that shook investor confidence and triggered panic selling across global commodity markets.
The mood changed as prices stabilised. Dip buying returned. The US dollar softened. And risk appetite slowly crept back into precious metals, especially silver, which led the recovery by a wide margin.
This rebound was visible not just in spot prices but clearly reflected across Gold ETF and Silver ETF performances during the session.
Market Performance: Silver ETFs Take the Lead
Silver ETFs clearly dominated the rebound, posting sharp, double-digit gains in several funds. The buying was broad-based, suggesting sentiment had turned positive after the recent sell-off.
Top-performing Silver ETFs
- Axis Silver ETF surged nearly 12%, hitting an intraday high of ₹264.69
- UTI Silver ETF and Groww Silver ETF gained around 11% each
- Nippon India Silver ETF, HDFC Silver ETF and Tata Silver ETF climbed over 10%
- Zerodha Silver ETF, SBI Silver ETF, Kotak Silver ETF and ICICI Prudential Silver ETF rose close to 8%
Silver’s higher volatility worked both ways. It fell harder during the correction and bounced back faster during the recovery.
Gold ETFs Join the Rally, Gains Remain Steady
Gold ETFs also participated in the uptrend, though the pace was calmer compared to silver. Gold continued to attract investors looking for stability amid ongoing global uncertainty.
Key Gold ETF movements
- Angel One Gold ETF, LIC MF Gold ETF and Zerodha Gold ETF rose about 5%
- Kotak Gold ETF, Motilal Oswal Gold ETF, Nippon India Gold ETF, SBI Gold ETF and Mirae Asset Gold ETF gained around 3%
The performance highlights gold’s role as a steadier hedge compared to silver’s sharper swings.
Main News: What Triggered the Gold and Silver ETF Rebound?
The rebound in Gold and Silver ETFs closely mirrored the recovery in underlying metal prices. After heavy selling last week, buyers stepped in as prices became attractive.
Key factors that supported the bounce:
- A weaker US dollar, which tends to lift bullion demand
- Dip-buying interest after steep corrections
- Improved global risk sentiment
- Stabilisation after margin-related liquidations in the previous sessions
Silver, due to its thinner liquidity and speculative participation, reacted more sharply than gold once selling pressure eased.
Gold and Silver Prices Today Reflect Improving Sentiment
Precious metal prices moved higher alongside ETFs during early trade.
Silver price movement
- MCX Silver jumped nearly 6% to around ₹74,000 per kg
- In global markets, spot silver gained about 2.5%, extending earlier recovery after a near 10% rebound in the previous session
Gold price movement
- MCX Gold rose around 2% to near ₹63,000 per 10 grams
- Spot gold climbed up to 1.7%, trading above $2,050 per ounce before easing slightly
The softer dollar, which slipped to its lowest level since February 4, played a key role in lifting bullion prices by making them more affordable for overseas buyers.
Global Cues Add Support to Bullion Sentiment
Apart from currency moves, geopolitical developments also supported precious metals. Political developments in Japan following a landslide election victory reinforced expectations of fiscal loosening and continued weakness in the yen.
Such conditions traditionally support gold and silver as alternative stores of value, helping stabilise prices after periods of stress.
Company & Product Overview: Gold ETF vs Silver ETF Behaviour
Gold ETFs and Silver ETFs reacted differently during the rebound, reflecting the inherent nature of each metal.
- Silver ETFs showed sharper gains due to higher volatility and speculative positioning
- Gold ETFs delivered steadier returns, aligning with gold’s defensive characteristics
- Both asset classes benefited from improved sentiment and easing liquidation pressure
The divergence underlines why investors often view Gold ETF and Silver ETF exposure differently during turbulent phases.
Summary: What This Rebound Signals?
The sharp recovery in Gold and Silver ETFs highlights how quickly sentiment can turn after intense volatility. While silver led with outsized gains, gold provided stability and consistent participation.
The key takeaway from this session is clear:
- Selling pressure eased
- Dip buyers returned
- Currency and global cues turned supportive
Gold and Silver ETFs once again reflected their role as closely tracked instruments for precious metal trends, especially during fast-changing market conditions.
This rebound does not erase recent volatility, but it does show that interest in precious metals remains intact when prices stabilise.
Source: Livemint
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