SBI Mutual Fund has temporarily halted fresh investments in its Silver ETF Fund of Fund (FOF) from October 13, 2025, citing tight availability of physical silver and heightened global demand. The move follows similar decisions by Kotak Mutual Fund and UTI Mutual Fund in recent weeks, as the silver market faces a global supply squeeze.

Global demand fuels silver rally

In a notice issued on October 11, the fund house said silver has seen a sharp increase in demand, driven by global macroeconomic factors and renewed investor interest in commodities. However, the limited availability of physical silver has constrained the creation of new units at the indicative Net Asset Value (iNAV), which directly affects the valuation of the fund.

The SBI Silver ETF Fund of Fund invests in the SBI Silver

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