Silver ETF surge: Domestic prices hit record highs; festive demand and global inflows drive 53% rally in 2025

India’s silver market is experiencing an unprecedented surge, with prices climbing 53% in 2025, outperforming gold. This has fueled a tripling of investment inflows into silver ETFs, reaching record global holdings. Robust festive demand and global supply constraints are driving domestic prices to significant premiums, prompting some fund houses to temporarily halt subscriptions.