Silver prices have come under pressure in recent months, affecting the performance of silver exchange-traded funds (ETFs). These investment products allow investors to gain exposure to silver prices without purchasing or storing the physical metal themselves.
Silver ETFs generally invest in physical silver of a prescribed purity and aim to track its market price, subject to expenses and tracking differences. According to Investing.com data for XAG/USD, which represents spot silver prices in US dollars, silver prices fell by more than 26% over six months and 5.8% over three months. However, the metal remained up 14.38% over the one-year period as of October 28, 2026.
The recent correction has also affected silver ETFs. All silver ETFs recorded negative returns over the past six months, with Zerodha Silver ETF reporting the steepest decline at 21.38%.
Despite the recent weakness, several silver ETFs have delivered positive returns over longer periods. Here’s a look at the leading schemes based on their one-year and three-year performance.
Top Silver ETFs by 1-Year Returns
The one-year performance figures show that Tata Silver ETF recorded the highest return among the funds listed, followed by UTI Silver ETF.
| Silver ETF | 1-year return |
|---|---|
| Tata Silver ETF | 32.41% |
| UTI Silver ETF | 31.37% |
| Aditya Birla Sun Life (ABSL) Silver ETF | 30.65% |
| SBI Silver ETF | 30.62% |
| ICICI Prudential Silver ETF | 30.61% |
Tata Silver ETF topped the list with a one-year return of 32.41%, while UTI Silver ETF followed at 31.37%. ABSL Silver ETF, SBI Silver ETF and ICICI Prudential Silver ETF each delivered returns of approximately 30.6% over the same period.
Best-Performing Silver ETFs Over 3 Years
The three-year compound annual growth rate (CAGR) figures show relatively close performance among the leading silver ETFs. ABSL Silver ETF ranked first among the schemes listed, narrowly ahead of ICICI Prudential Silver ETF.
| Silver ETF | 3-year CAGR |
|---|---|
| ABSL Silver ETF | 37.97% |
| ICICI Prudential Silver ETF | 37.95% |
| HDFC Silver ETF | 37.90% |
| Kotak Silver ETF | 37.86% |
| Mirae Asset Silver ETF | 37.83% |
ABSL Silver ETF recorded a three-year CAGR of 37.97%, followed by ICICI Prudential Silver ETF at 37.95%. HDFC Silver ETF posted 37.90%, while Kotak Silver ETF and Mirae Asset Silver ETF returned 37.86% and 37.83%, respectively.
The small differences between these figures show that the leading funds delivered closely grouped returns over the period.
Silver ETFs: What Do the 5-Year Returns Show?
According to the supplied information, none of the silver ETFs listed has five-year performance figures available.
ABSL Silver ETF and ICICI Prudential Silver ETF appear among the leading funds in both the one-year and three-year comparisons. ABSL Silver ETF returned 30.65% over one year and recorded a three-year CAGR of 37.97%. ICICI Prudential Silver ETF delivered 30.61% over one year and a three-year CAGR of 37.95%.
These figures provide a snapshot of their historical performance across two different periods. However, past returns do not guarantee future results, and silver ETF performance can change significantly as the underlying metal’s price fluctuates.
Disclaimer: This article is intended solely for educational and informational purposes and should not be considered investment advice or a recommendation to buy or sell any silver ETF. Market prices and fund returns can change, and historical performance does not guarantee future results. Investors should review scheme documents, costs and risks and consult a SEBI-registered investment adviser before making investment decisions.