Mirae Asset Silver ETF · NSE:SILVERAG
Mirae Asset Silver ETF — Investor Presentation (October 2025)
21 slides from Mirae Asset Silver ETF's investor presentation, October 2025
Slide 1: Mirae Asset Silver ETF (NSE:SILVERAG, BSE:543922)
October 2025 Mirae Asset Silver ETF (NSE:SILVERAG, BSE:543922) (An open-ended scheme replicating/tracking domestic price of Silver)
Slide 2: History of Silver
History of Silver Silver production shifted to Greece, Spanish Discovered Technologies like helping Athens vast silver reserves of steam drilling and become a powerful more than 85% in better ore processing economic and military Bolivia, Peru, and boosted global silver centre. Mexico output. 1200 BC
Slide 3: What makes silver a unique investment?
What makes silver a unique investment? Hedge against currency depreciation Diversification Industrial Demand Storage of value Hedge against inflation Precious Metal Source: Silver Institute, Metals Focus
Slide 4: Silver may be more tied to the global economy than gold
Silver may be more tied to the global economy than gold Gold Demand for 2024 Silver Demand for 2024 7% 17% 27% 5% Industrial Industrial Jewellery Jewellery Central banks Silverware 42% 18% 58% Investment Investments 24% More then 50% of all silver is used in heavy industry and high technology. As a
Slide 5: Incremental growth in industrial demand for silver
Incremental growth in industrial demand for silver Silver Demand for 2023 Silver Demand for 2024 17% 21% Industrial 5% Industrial 5% Jewellery Jewellery Silverware Silverware 55% Investment 18% 58% Investment 17% Industrial demand of silver has further grown in 2024 compared to 2023 Source: Data as
Slide 6: Industrial demand constitutes more than 50% of total silver demand
Industrial demand constitutes more than 50% of total silver demand 1400 90% 1284 1199 80% 1200 1164 1148 1102 Total Demand (Million Ounce) 1065 70% 993 1001 1006 973 Industrial share (in %) 1000 929 60% 800 50% 600 40% 30% 400 20% 200 10% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F
Slide 7: Multiple usage of silver in industry
Multiple usage of silver in industry Solar Panels Electronics Automobiles Bearings Manufacturing Soldering TV Screens Mirrors Source: Data as on October 31, 2025, World Gold Council, Silver Institute, Morgan Stanley
Slide 8: New Age Silver Usage
New Age Silver Usage Silver is used in wound dressings and device coatings to help reduce infections. Bio Pharma & Medical 5G Technology Green Energy Silver’s conductivity is key for 5G Silver is essential in solar panels for antennae and switches. Growing 5G efficient electricity flow. More solar n
Slide 9: 2024: Supply and Demand source for Silver
2024 : Supply and Demand source for Silver Electricals (52%) Primary Silver (28%) Photovoltaics (23%) Industrial (58%) Supply (1,015.1 Moz) Lead/Zinc Ore (30%) Demand (1,164.1 Moz) Mine Production Brazing (6%) (81%) Investment (17%) Copper (27%) Recycling (19%) Other (19%) Gold (16%) Jewelry (18%) O
Slide 10: Silver Supply - Demand Imbalance
Deficit from past 4 consecutive years Silver Supply - Demand Imbalance 100 30 54.7 30.6 Silver LBMA Price (US$ per ounce) 50 40.5 Surplus/Deficit (Million Ounce) 25 1.3 0 -4.1 20 -50 -100 15 -95.4 -117.7 -150 -149.0 10 -200 -184.3 5 -250 -263.5 -300 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 202
Slide 11: Photovoltaics: More Countries Installing PV
Photovoltaics: More Countries Installing PV China USA Latine America India East Asia Southeast Asia Australia RoW Europe 11% China India US Australia Japan South Korea Taiwan Germany Netherlands Brazil Spain Mexico France Egypt Ukraine UAE 20% 2024 RoW 593 GW 47% 17% 38 GW-scale 1% 2% 1% 1% 2019 34%
Slide 12: Silver price acts as hedge against dollar price movement
Silver price acts as hedge against dollar price movement Dollar and Silver Price Movement 60 120 110 50 100 40 US Dollar Index LBMA Silver ($) 90 30 80 20 70 10 60 0 50 Silver LBMA Dollar Index Prices of silver has acted as hedge against currency deprecation of dollar historically. Source: Data as o
Slide 13: Performance of Gold and Silver over last 20 years
Performance of Gold and Silver over last 20 years LBMA AM Gold LBMA Silver Price ($) LBMA AM Gold($) V/S LBMA Silver($) Price ($) 5,000 60 4,500 50 Period Gold LBMA AM ($) Silver LBMA ($) 4,000 20 Years 11.3% 9.6% 15 Years 7.6% 4.9% 3,500 40 10 Years 13.3% 12.1% 3,000 5 Years 16.4% 15.7% 3 Years 34.
Slide 14: Periodic Performance Comparison and Correlation
Periodic Performance Comparison and Correlation Index Name MCX Silver MCX Gold Nifty 50 (TRI) Silver LBMA ($) Gold LBMA AM ($) 15 Years 9.9% 12.9% 11.5% 4.9% 7.6% 10 Years 15.1% 16.4% 13.7% 12.1% 13.3% 5 Years 19.7% 18.9% 18.6% 15.7% 16.4% 3 Years 37.7% 33.9% 13.9% 36.7% 34.8% 1 Year 54.0% 52.1% 7.6
Slide 15: Calendar Year wise performance comparison
Calendar Year wise performance comparison CY MCX Silver MCX Gold Nifty 50 (TRI) Silver LBMA ($) Gold LBMA AM ($) 2008 -7.3% 26.1% -51.3% -26.9% 3.4% 2009 50.6% 24.2% 77.6% 57.5% 27.6% 2010 71.4% 23.2% 19.2% 80.3% 27.7% 2011 8.1% 31.7% -23.8% -8.0% 11.6% 2012 13.9% 12.3% 29.4% 6.3% 5.7% 2013 -23.5% -
Slide 16: Silver potentially appears to be attractive relative to gold
Silver potentially appears to be attractive relative to gold at this point in time Gold Silver Ratio 140.0 120.0 100.0 85.1 80.0 60.0 70.0 40.0 20.0 - Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 Oct-24 Oct-25 Gold Silv
Slide 17: Why choose silver over gold?
Why choose silver over gold ? MCX Silver Spot (INR) 200000 180000 160000 ➢ Silver price is more responsive to economic condition than gold. 140000 120000 ➢ During the time of economic expansion, with increased in 100000 manufacturing output demand for 80000 silver increases 60000 ➢ Overbuying in gol
Slide 18: Why you may consider investing in the fund?
Why you may consider investing in the fund ? ✓ Traditionally silver has been used for store of value and while it is a precious metal, its behavior can be different than gold in various market phases and tends to be more volatile ✓ Unlike gold, silver’s utility in industrial/manufacturing allows one
Slide 19: Mirae Asset Silver ETF
Mirae Asset Silver ETF Benchmark: Expense Ratio: Domestic Price of Silver 34 bps Authorized Participants: ETF Units: Augmont Enterprises Private Limited Parshwa Creation Unit Size = 30,000 units Prism Gems and Jewellery Limited NAV: Rs. 145.1895 (As on October 31, Raksha Bullion 2025) Parwati Capita
Slide 20: Disclaimers
Disclaimers NSE Indices Ltd Disclaimer: Every person who desires to apply for or otherwise acquire any Units of the Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffer
Slide 21: Thank You
THANK YOU J MIRAE ASSET Mutual Fund
Mirae Asset Silver ETF — Investor Presentation (October 2025) on 6ix