Silver ETF
Silver ETF silver exchange-traded funds Silver not only acts as a precious metal but also has many industrial uses. Its demand spans jewellery, industry, and investment. Silver ETFs will enable small investors too to participate in the rally of the commodity. Market regulator SEBI, in its board meeting on September 28, approved the launch of silver exchange-traded funds in India. So, far only gold ETFs have been available. Like gold ETFs silver ETFs too will give the benefits of price efficiency and liquidity. Currently, Indian mutual funds are allowed to launch ETFs tracking gold. SEBI approved an amendment to mutual fund rules to enable the introduction of silver ETFs. The silver ETF will be backed by physical silvers. This will increase the existing volumes of silver and bullion index as many arbitrage opportunities will exist with the introduction of silver