Introduction: Why Silver Stocks Are Gaining Attention in 2025
Silver has always been considered the “poor man’s gold,” but in 2025, it’s turning into one of the most attractive investment options in India. With growing demand from the renewable energy, electric vehicle (EV), and electronics industries, silver’s use is expanding far beyond jewelry.
For Indian investors looking to gain from this trend, silver stocks provide an easy and accessible way to benefit from rising silver prices without physically buying or storing the metal. This article explores the best silver stocks in India for 2025, how they perform, and what makes them good long-term investments.
Why Invest in Silver Stocks?
Before jumping into the list, it’s important to understand why silver is becoming a star performer in global markets:
- Industrial Demand – Silver is essential in solar panels, EV batteries, and electronics manufacturing.
- Hedge Against Inflation – Like gold, silver acts as a store of value when inflation rises.
- Lower Entry Point – It’s cheaper than gold, making it more accessible to small investors.
- Portfolio Diversification – Adding silver-related stocks reduces overall portfolio risk.
- Rising Global Demand – Countries like India and China are increasing their industrial use of silver every year.
Also Read : Tata Silver Exchange Traded Fund.
Top 10 Silver Stocks to Invest in India in 2025
Here’s a list of India’s top silver-related stocks including miners, refiners, and jewelry companies that are expected to perform well in 2025.
1. Hindustan Zinc Ltd (HZL)
Category: Silver Mining & Production
Hindustan Zinc is India’s largest integrated producer of zinc, lead, and silver. Silver is a valuable by-product of its zinc operations. The company has strong fundamentals, low debt, and efficient production facilities.
Why Invest: It’s India’s top silver producer, backed by Vedanta Group. Rising industrial demand directly boosts its profit margins.
Risk: Silver production depends on zinc output and global commodity prices.
2. Vedanta Ltd
Category: Diversified Metals & Mining
Vedanta is a major player in India’s metals industry and holds a large stake in Hindustan Zinc. It has exposure to silver through its subsidiary operations and benefits from overall industrial metal demand.
Why Invest: Strong dividend yield and diversified business model.
Risk: Heavy debt and sensitivity to global commodity cycles.
3. Goldiam International Ltd
Category: Jewellery Manufacturing & Export
Goldiam International designs and exports fine gold and silver jewelry. With growing silver jewelry demand in the U.S. and Europe, the company benefits from export growth.
Why Invest: Expanding global reach and strong order book.
Risk: Sensitive to changes in consumer spending and silver price volatility.
4. Thangamayil Jewellery Ltd
Category: Retail Jewellery Brand
Based in South India, Thangamayil Jewellery is known for its silver ornaments, utensils, and decorative items. It benefits from rising domestic demand during festivals and weddings.
Why Invest: Strong retail presence and brand loyalty.
Risk: Competition from local jewellers and import duty changes.
5. Shirpur Gold Refinery Ltd
Category: Refining & Precious Metal Processing
Shirpur Gold Refinery refines both gold and silver, making it an indirect play on rising silver prices. It can benefit from higher refining volumes when silver demand increases.
Why Invest: Exposure to both gold and silver refining markets.
Risk: Refining margins are small and regulations are strict.
6. Rajesh Exports Ltd
Category: Gold & Silver Jewellery Manufacturer
Rajesh Exports is one of India’s largest exporters of gold and silver jewelry. The company serves both domestic and international markets.
Why Invest: Huge export network and global demand coverage.
Risk: Currency fluctuation can affect margins.
7. Titan Company Ltd (Tanishq)
Category: Retail Jewellery & Lifestyle
Although primarily a gold retailer, Titan’s Tanishq brand has been increasing its silver jewelry segment. The company has strong brand equity and consistent earnings.
Why Invest: Trusted brand and growing silver jewelry portfolio.
Risk: Higher operating costs and reliance on consumer demand.
8. Muthoot Finance Ltd
Category: Precious Metal Financing
While not a mining or jewelry company, Muthoot offers loans against gold and silver ornaments. When silver prices rise, loan volumes and collateral value increase.
Why Invest: Indirect silver exposure with strong financial performance.
Risk: Sensitive to interest rate changes.
9. Kalyan Jewellers India Ltd
Category: Jewellery Retail
Kalyan Jewellers is a household name with a growing silver accessories line. With expansion into smaller cities, the company is tapping India’s mass-market silver demand.
Why Invest: Expanding retail presence and brand trust.
Risk: High marketing expenses and competition.
10. Renaissance Jewellery Ltd
Category: Export-Oriented Silver Jewellery Manufacturer
This Mumbai-based company manufactures and exports silver jewelry to global markets, benefitting from Western fashion trends.
Why Invest: Focused on international silver demand.
Risk: Dependent on foreign markets and exchange rates.
How to Invest in Silver Stocks in India
Investing in silver stocks in India is becoming increasingly popular as investors look for alternatives to gold and other traditional assets. You can invest in silver-related companies directly through the stock market, by purchasing shares listed on the NSE or BSE. These include mining firms, refiners, and jewellery companies that benefit from rising silver prices. Another convenient option is to invest through Silver Exchange Traded Funds (ETFs) or mutual funds such as the Nippon India Silver ETF or ICICI Prudential Silver ETF. These funds track silver prices and offer diversified exposure without the need to own physical metal.
For those who prefer disciplined investing, Systematic Investment Plans (SIPs) in precious metal mutual funds can be a smart approach. SIPs allow investors to contribute small amounts regularly and benefit from market averaging over time.
Future of Silver Stocks in 2025 and Beyond
The outlook for silver stocks in India looks extremely promising in 2025 and the years ahead. Global silver demand is projected to rise by over 10% annually, driven by the expansion of the renewable energy sector, the electric vehicle (EV) revolution, and the rollout of 5G technology all of which rely heavily on silver’s conductive properties.
In India, consumption is expected to grow steadily as middle-class incomes rise and festive demand for silver jewellery continues to be strong. Analysts believe silver could outperform gold in the medium term because it serves both as an industrial metal and a store of value. Investors who enter early in 2025 stand to benefit from both price appreciation and long-term industrial growth.
Conclusion: Should You Invest in Silver Stocks in 2025?
In 2025, silver stocks in India offer investors a powerful combination of safety, affordability, and growth potential. While gold remains the traditional choice for wealth preservation, silver provides greater upside thanks to its growing industrial applications and limited global supply.
For long-term investors, allocating 5–10% of your portfolio to silver-related stocks — such as Hindustan Zinc, Vedanta, or Thangamayil Jewellery can enhance diversification and improve overall returns. As India continues its journey toward clean energy, technological advancement, and digital growth, silver will play a crucial role in shaping the country’s future. Whether through mining, refining, or jewellery companies, silver investments in 2025 are poised to shine brighter than ever.
Disclaimer: The investment tips and opinions given here are the personal opinions of experts. These are not the opinions of Riskydollar or its team. Riskydollar advises all readers to consult a certified financial advisor before making any investment.