Silver Shares in India
17 Feb 2026
3 mins read
Silver stocks in India are the stocks of all the listed companies that are directly or indirectly linked to silver metal. This can be through mining, refining, metal processing, or diversified metals businesses where silver contributes to the revenue growth. The silver shares in India are selected by first filtering out the companies that have a clear operational exposure to silver and then selecting them based on their market capitalisation. This shows not only the company’s size but also liquidity and market presence. By using market capitalisation as the key criterion helps people classify silver shares into large-cap, mid-cap, and small-cap categories. This approach provides a clear view of stability, risk, and growth potential within the broader metals and commodities market.
List of Silver Stocks
The table below shows the silver share list.
Stock Name | Sector | Price (16th Feb 2026) | Market Cap in Cr (16th Feb 2026) | PE Ratio | 52 week high | 52 week low |
| Hindustan Zinc Ltd | Silver | 594.10 | 2,50,498.04 | 21.27 | 733 | 378.15 |
| Vedanta Ltd | Silver | 679.80 | 2,63,423.29 | 27.35 | 769.80 | 363 |
| NMDC Ltd | Silver | 80.46 | 69,833.41 | 10.12 | 86.72 | 59.53 |
| Lloyds Metals and Energy Ltd | Silver | 1,188 | 64,896.39 | 26.35 | 1,612 | 942.15 |
| Thangamayil Jewellery Ltd | Silver | 3,724.80 | 11,132.34 | 0 | 4,149 | 1,523.10 |
| Goldiam International Ltd | Silver | 392.70 | 4,441.62 | 28.34 | 444 | 251.35 |
Disclaimer: All the above information is accurate as of 16th Feb 2026. However, it is important to conduct research before making any investment decisions in these stocks. We do not recommend buying without thorough research and professional financial advice. Always consult a certified financial advisor to ensure the stocks align with your investment goals and risk tolerance.
Table of Contents
Overview of Silver Stocks in India
The silver stocks belong to companies that directly or indirectly are involved in the processing, mining, production, or use of silver. These companies are selected based on their market capitalisation. Below is an overview of the silver share list.
Hindustan Zinc Ltd
Hindustan Zinc Ltd was founded in 1966. This company mainly produces zinc, lead, and silver. The business model of this company is based on captive mining, processing of ore, and refining metals for domestic and international markets.
Vedanta Ltd
The company was incorporated in 1976. It follows a vast natural resources business model. The company operates across zinc, aluminium, oil and gas, iron ore, and power. Silver here is produced as a by-product of its zinc-lead mining and smelting operations.
NMDC Ltd
NMDC Ltd was founded in 1958. It is a government-owned company. It is primarily engaged in iron ore mining. The business model of this company focuses on all large scale mining options and mineral exploration.
Lloyds Metals and Energy Ltd
This company was incorporated in 1977. It operates largely on silver mining, sponge iron manufacturing, and power generation. The company’s business model is centred on backward integration through captive mines and energy resources to support metal production.
Thangamayil Jewellery Ltd
Thangamayil Jewellery Ltd was founded in 2000. The major sectors of this company are jewellery and retail. It operates a retail-focused business model dealing in gold, silver, and diamond jewellery. It sources precious metals and designs finished jewellery products for sale through its network of retail stores.
Goldiam International Ltd
The company was founded in 1986. It is an export-oriented company. The company specialises in producing and exporting silver and gold jewellery. It also serves the international markets through design-led and contract manufacturing operations.
How to Choose Silver Stocks in India?
When choosing silver stocks in India, one should look for:
Company’s Reputation and History: Look for well-established companies with a good track record in the silver industry. Choose companies with a strong history of performance, reliability, and ethical practices.
Financial Health: Check the company’s financial stability by reviewing its profit and loss statements, balance sheets, and cash flow. Companies with good financial health are better positioned to withstand market fluctuations.
Silver Production or Trading Focus: Focus on companies involved in silver mining, refining, or trading. These companies are directly tied to silver prices and can benefit from price increases.
Management: A strong and experienced management team can help guide the company successfully through market challenges. Research the leadership’s experience in the silver or mining sector.
Market Conditions: Silver prices fluctuate based on demand and economic conditions. Stay informed about market trends and choose stocks that are positioned to benefit from rising silver prices or have hedging strategies in place.
Factors Affecting Silver Stocks in India
Below are the factors that affect silver stocks in India:
- Global Silver Prices: The price of silver on international markets directly influences silver stocks. When global silver prices rise, silver companies in India tend to perform better, as their products become more valuable.
- Demand for Silver: Silver is used in various industries like electronics, jewellery, and solar panels. Higher demand for these products can increase silver prices, positively impacting silver stocks.
- Inflation and Interest Rates: Inflation and changes in interest rates influence investor behaviour. When inflation rises, investors often buy silver as a safe-haven asset, which can drive up silver prices and impact silver stocks positively.
- Government Policies and Regulations: The Indian government's policies on imports, taxes, and duties on silver can influence silver prices and stock market performance. For example, higher import duties on silver can reduce supply and increase prices, benefiting silver stocks.
Advantages & Disadvantages of Investing in Silver
The table below shows the advantages & disadvantages of investing in silver stocks in India.
Advantages | Disadvantages |
Silver stocks can be used to diversify an investment portfolio because silver does not generally vary with equities and bonds during market downturns and rises. | Silver prices are very unpredictable and can rise or fall drastically with every variation in global demand, economic factors, and market speculation. |
Silver has been considered as a safeguard against inflation, where its price can increase with the decrease in the purchasing power of money. | The government can introduce regulatory changes or taxation policies that can affect the profitability of silver-related companies. |
Rising demand for silver from industries such as electronics, renewable energy, and electric vehicles can support long-term growth prospects. | Silver mining companies in India face operational risks such as accidents, natural disasters, or technical issues that may disrupt production. |
As compared to buying physical silver, purchasing silver shares is easy. As it lets investors gain exposure with smaller investment amounts. | Currency fluctuations, especially movements in the US dollar against the Indian rupee, can affect costs and margins for silver-related businesses. |
Silver stocks are liquid and can be easily bought or sold in stock exchanges. |
Slowdowns in the economy can decrease the demand of silver in industry and as an investment. and this may adversely affect the price of silver and stock.
|
Conclusion
The silver shares in India provide opportunities to understand the silver ecosystem based on mining companies and metal and jewellery companies. These are typically categorised in terms of market capitalisation to determine scale, liquidity, and risk. The global silver prices, the industrial demand, and the economy determine the performance of silver mining stocks in India. Although they can be used in diversification, these stocks are associated with volatility and regulation risk; hence, they should be carefully considered when evaluating them. A reliable stock market trading app can help traders track silver shares and make informed decisions.
FAQs on Silver Stocks
How can I invest in silver stocks in India?
You can invest in silver stocks in India by opening a Demat account, researching silver companies, and purchasing their shares through a stock trading platform like BlinkX.
What factors influence silver stock prices?
Silver stock prices are influenced by global supply and demand, economic conditions, government policies, geopolitical events, and the overall performance of silver mining and refining companies.
Are silver stocks a good investment option?
Silver stocks can be a good investment option for portfolio diversification and potential capital gains, but they also carry risks, such as price volatility and company-specific risks.
How can I reduce the risks of investing in silver stocks?
To reduce the risks of investing in silver stocks, you should diversify your portfolio, conduct thorough research, monitor market trends, and consider investing in silver ETFs or mutual funds.
What are the advantages of investing in silver stocks?
The advantages of investing in silver stocks include potential capital appreciation, hedging against inflation, high liquidity, and the ability to participate in the silver market without physically holding the metal.
How can I research and analyse silver stocks?
To research and analyse silver stocks, you should examine factors such as stock price performance, mining operations, dividend yield, financial strength, and global demand for silver.
