Silver has gone from “just jewellery metal” to a serious portfolio diversifier, thanks to digital silver (buy tiny quantities online and store in vaults), silver ETFs (market-linked exposure via your Demat account), and silver mutual funds.
But not every “silver” feature is the same: some apps sell physical coins/bars, some sell digital silver, and brokers let you buy silver ETFs listed on NSE/BSE.
Below is a detailed, practical list of the top silver investment apps in India, what they’re best for, and how to choose the right one based on your goals.
Quick primer: Which “silver” are you actually buying?
1) Digital Silver (vault-backed)
- Buy silver online (often starting from ₹1).
- Stored with a vault/custodian, you may be able to sell back or redeem as coins/bars.
- Convenience is high, but check spreads, storage terms, and redemption charges.
Important Point To Note: Digital metal features carry product/regulatory nuances. SEBI has publicly cautioned investors around “digital gold” risks and how such products are offered via apps; even though that circular focuses on gold, the due-diligence mindset applies to digital precious metals generally: check who the counterparty is, how custody works, and grievance redressal.
2) Silver ETFs (via Demat)
- Trade like a stock on NSE/BSE.
- Transparent, liquid (market hours), expense ratio applies.
- You need a Demat + broker app.
3) Silver Mutual Funds
- These are mutual fund schemes that invest in silver ETFs (Fund of Funds).
- Can be invested via SIPs or lump sum.
4) Silver Commodity Contracts (Futures & Options)
- Traded on commodity exchanges like MCX.
- Contracts represent a fixed quantity of silver with expiry dates.
- Requires a commodity trading account and higher margin.
Top Silver Investment Apps In India
Groww
Groww is India’s No. 1 stockbroker and the best investment app in India. For silver investment, the app offers silver ETFs, silver mutual funds, and silver commodity derivative contracts.
Investors can buy silver ETFs listed on NSE/BSE directly using a Demat account, track performance in real time, and even invest in Silver Fund-of-Funds (FoFs), allowing investors to start with small amounts and invest regularly through SIPs.
In addition to long-term investing, Groww enables trading in silver commodity derivative contracts on MCX, including silver futures and options. These are suitable for advanced traders looking to hedge or actively trade commodities.
The app’s clean interface, simple onboarding, and transparent cost structure make it suitable for investors who want exposure to silver without dealing with physical storage.
Along with silver, Groww also supports investing in SEBI-regulated gold products. In short, it’s an all-in-one app for regulated gold and silver investment online.
MMTC-PAMP
The app is best for people who want vault-backed digital silver and the option to buy/redeem minted products. MMTC-PAMP offers digital gold & silver and also sells coins/bars with stated purity positioning. The brand is strongly associated with precious metals and retail bullion products. Good for both: “invest digitally” and “buy minted silver”
ICICI Direct
ICICI Direct is a full-service brokerage platform backed by ICICI Bank and offers access to silver ETFs through Demat accounts. It is particularly popular among conservative investors who prefer a bank-integrated investment experience. While the platform may have higher charges compared to discount brokers, it appeals to investors who prioritise brand trust, stability, and a consolidated financial dashboard.
Aditya Birla Capital Digital Silver
Aditya Birla Capital offers digital silver as part of its broader financial services ecosystem. Investors can start with small amounts and hold silver digitally in secure vaults. The platform benefits users who already use Aditya Birla Capital products, providing seamless integration with other investments like mutual funds and insurance. It is suitable for investors seeking digital silver exposure from a well-established financial institution.
PhonePe
PhonePe allows users to buy physical silver coins directly from the app. This makes silver investing extremely accessible to users who are already comfortable with UPI payments. PhonePe’s silver offering is especially popular for gifting during festivals or weddings. This route is better suited for ownership and gifting rather than pure investment returns.
Conclusion
Silver has evolved into a versatile investment asset in India, with multiple regulated options now available through mobile apps. From silver ETFs and silver mutual funds for long-term investors to digital silver platforms for small-ticket accumulation and silver commodity derivative contracts for active traders, investors today can choose a route that best aligns with their financial goals and risk appetite.