Invest in Silver through ETF – So far this year, there has been a tremendous increase in the price of silver. According to IBJA, the price has increased by Rs 18,805 so far this year. On January 1, the price of one kg of silver was Rs 73,395 per kg, which has now increased to Rs 92,200.
According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, silver can reach Rs 98 per kg by the end of this year. In such a situation, if you are planning to invest in silver, then Silver ETF can be the right option.
Through Silver ETF, you can invest in silver just like shares. In the last 1 year, it has given a return of up to 34%.
First of all, understand what is Silver ETF
The facility to buy silver-like shares is called Silver ETF. These are exchange-traded funds, which can be bought and sold on stock exchanges. Since the benchmark of silver ETF is spot silver prices, you can buy it close to the actual price of silver.
There are many benefits of investing in silver ETFs
- You can buy silver in small quantities: Silver is bought in units through ETF. This makes it easy to buy silver in small quantities or through SIP (Systematic Investment Plan). The price of 1 unit of silver ETF is less than Rs. 100 right now. That is, you can start investing in it for less than Rs 100.
- Silver remains safe: Electronic silver is kept in a Demat account in which only annual Demat charges have to be paid. Also, there is no fear of theft. On the other hand, in physical silver, apart from the risk of theft, one has to spend on its security as well.
- Ease of trading: Silver ETFs can be bought and sold instantly without any hassle. That is, if you need money, you can sell it whenever you want.
