All the metal commodities depend on the international market prices including gold and silver, it also depends on the currency movement towards the dollar.  There are a number of factors that impact silver prices in India today. Among these include the international prices of the precious metal. In India silver prices largely take cues from what is happening in the international markets. Now we wish to state that good and silver prices move almost in tune with each other. What we mean is that when gold prices go higher, silver prices also goes high, The demand of gold also decreased due to high price and lockdown due to covid pandemic. We don't have any ETF or bond in India for silver unlike gold,   We can buy silver only from a bank or a jeweler in India. Usually, silver coins from banks are expensive. The futures markets for 6 month forward contracts are traded in Indian exchanges.