Silver's Quiet Rise Is Catching Collectors' Attention

Silver’s global demand continues to be shaped by four key sectors, industry, investment, jewellery and décor which together account for more than 95% of annual consumption. While global silver demand eased slightly in 2025, mined supply increased by 3% year-on-year, setting the stage for a market supported by long-term fundamentals rather than short-term speculation.

India remains central to this momentum. As the world’s largest consumer of silver, the country imported a record $12 billion (₹1.14 lakh crore) worth of the precious metal in FY 2025–26. Demand has been fuelled by both investment buying and robust consumption across the jewellery and handicrafts sectors. Market forecasts also project 18% growth in silver coin and net bar demand in 2026, while expanding use in solar technology and electric vehicles continues to strengthen silver’s industrial relevance.

This renewed confidence is reflected in the auction market. During FY 2025–26, leading auction houses sold 3,261 silver lots, generating an estimated ₹320.81 crore in turnover. Collectors are increasingly recognising that antique and hallmarked silver offers value beyond its intrinsic metal price, with exceptional craftsmanship, provenance and rarity commanding significant premiums.