Silver ETFs post massive gains in 2025. What should investors expect in 2026? – Outstanding performer

Looking ahead, experts urge caution around some assumptions being priced in. Naveen Mathur, Director– Commodities & Currencies at Anand Rathi Share and Stock Brokers, believes global inflation may be overestimated. A sharper-than-expected rise in inflation in 2026 could limit rate cuts, strengthen the US dollar and introduce volatility in precious metals.

Vikram Dhawan, Head of Commodities and Fund Manager at Nippon India Mutual Fund, said that while gold and silver work well over the long term, prices can swing sharply in the short run, especially in silver.