India’s silver ETFs are trading at premiums as high as 18% over their intrinsic value, stoking concerns among advisors as silver prices hit four-decade highs amid global shortages.

With silver surging past $50 an ounce for the first time since the 1980s and demand outpacing supply worldwide, Indian investors are pouring into silver exchange-traded funds (ETFs). But the scramble has pushed ETF prices significantly above their fair value, raising red flags. Advertisement

As of 10:26 a.m. on October 9, data from the National Stock Exchange showed top-performing silver ETFs trading at substantial premiums to their Indicative Net Asset Value (iNAV). Axis’s AXISILVER was priced 9.92% higher than the previous close, with a startling 14% premium to its iNAV. HDFC's HDFCSILVER was up 9.96%, trad

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