New Delhi, March 27 -- For years, gold has been the go-to hedge in times of economic uncertainty. But now, another precious metal is stealing some of its lustre.

Silver is emerging as a sought-after asset, with investors pouring money into exchange-traded funds (ETFs) tracking the metal as they seek diversification in a volatile market.

Read this | Mint Primer: The gold rush for silver is on. Will it persist?

Silver exchange-traded funds (ETFs) in India have seen explosive growth. By the end of February 2025, the number of silver ETFs had risen to 12, with the monthly average assets under management (AUM) surging to Rs.14,017.53 crore-more than triple the Rs.4,069.90 crore held by 11 ETFs a year earlier, according to Prime Database.

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