New Delhi, Jan. 23 -- Silver exchange-traded funds (ETFs) staged a sharp rebound on Friday, January 23, with several funds surging as much as 17% amid a rebound in silver prices after a brief but intense correction. The rally in silver ETFs came just a day after heavy selling triggered steep declines, highlighting the extreme volatility in silver-linked investment products.

While silver ETFs are still trading below their recent peaks, the underlying metal surged to fresh record highs, reinforcing silver's leadership in the ongoing precious metals rally despite high volatility.

In the domestic futures market, MCX silver futures for March jumped to a new all-time high of Rs.3,39,927 per kilogram. Silver contracts with May and July expirie...