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Silver Soars: Investors Earn Just 18% Despite 98% Price Jump
7 Sep
Summary
- Silver prices jumped 98% in a year, but investors earned only 18%.
- Over half of money invested in silver ETFs last year is currently losing money.
- Record inflows in January 2026 coincided with the monthly price peak.

Silver experienced a significant price increase of 98% over the last year, yet the average investor's return was a mere 18%. This disparity highlights a critical issue of investor timing and behavior during market rallies.
Analysis reveals that 56% of the capital invested in silver ETFs during the past 12 months has experienced negative holding-period returns as of July 31, 2026. This means a substantial portion of recent investments lost value, despite the overall impressive price gain.
Investor demand became highly pro-cyclical, with larger sums invested as prices climbed higher. A prime example occurred in January 2026 when silver ETFs attracted a record ₹11,761 crore in monthly inflows, which coincided with the monthly price peak.
This behavior, often driven by FOMO (fear of missing out), leads investors to commit more capital when valuations are high. The report emphasizes that the price paid for an asset ultimately determines the return an investor receives.