New Delhi, March 17 -- Sankaran Naren, Executive Director and Chief Investment Officer of ICICI Prudential Mutual Fund, has cautioned investors against treating silver as a long-term asset class, saying the white metal behaves more like a small-cap stock and carries significantly higher risk.

Speaking at the MFD Galaxy 16th Knowledge Summit 2026, Naren said that while silver can deliver sharp gains in the short term, it should not be considered a stable investment category like gold. A short video clip from his speech has resurfaced on social media platform X, drawing attention to his views on the precious metal.

"Silver is a small-cap stock. It will behave like a small-cap stock. So if any of you are investing in silver, it should be o...