India, Oct. 10 -- India's silver exchange-traded funds are suddenly in the spotlight, attracting record inflows and delivering eye-catching returns-but experts warn that the rally may be getting ahead of itself.

According to Reuters, silver ETFs have drawn Rs.8,603 crore in inflows during the first eight months of 2025, surpassing last year's total. Some silver ETFs have delivered returns of 50-55% so far this year, according to The Economic Times, far outpacing gold and equity benchmarks. For investors who missed the gold rally, silver has become the new "catch-up" trade.

The surge comes as global silver prices have rallied sharply to $50 per ounce-the highest in more than four decades-driving up returns for silver ETFs in India.

This...