Silver ETFs surge up to 6% as cooling US yields lift precious metals

Thu Aug 20 2026

Silver exchange-traded funds (ETFs) rose up to 6 per cent on Thursday, August 20, following a pullback in US 30-year Treasury yields.

Both Silver and Gold ETFs saw a sharp uptick after the US Treasury Department announced it would double the size of liquidity support buyback operations, pausing the surge in yields. The yield on 30-year US Treasuries fell to 5.18 per cent after it touched 5.3 per cent on Tuesday.

On the domestic front, MCX Silver September 4 futures rose 1.2 per cent to ₹2,39,841 per kg, while MCX Gold futures gained 0.3 per cent to ₹1,58,475 per 10 grams.

Among silver ETFs, Tata Silver ETF, Nippon Silver ETF, HDFC Silver ETF, SBI Silver ETF, Axis Silver ETF, DSP Silver ETF and Groww Silver ETF all gained more than 4 per cent.

The movement in precious metals was supported by the decline in US Treasury yields. Lower yields generally reduce the opportunity cost of holding non-yielding assets such as gold and silver.

Silver has also been benefiting from a weaker US dollar and renewed investor interest in precious metals. Because silver is generally more volatile than gold, its price movements can be significantly larger when precious-metal sentiment strengthens.

The recent move highlights the continuing influence of US yields, the dollar and broader precious-metal investment demand on gold and silver prices.

Source: https://www.business-standard.com