What a crash!! Could’ve been a great entry point at 26 for SILVERCASE
How do big institutions/arbitragers allow such a huge discount?? It went to even 26 while iNAv is 31.23 ??? Anyone please explain
They probably orchestrated it… SL hunting, dump and pump etc…
But it can’t be possible all the institutions in India orchestrated it? Is there not even a single institution or UHNI in India who can’t arbitrage this?
Man, seeing silver recover…I should have purchased silver instead of asking questions here lol
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Not at that level. I believe they will also collude… FIIs and other institutions are in it together…
Either that or something else is brewing(unlikely). MCX SILVER is also down, but not at the level of ETFs… Even Gold SGBs are down…
Ah… so the theory is FM would back off from the proposed import duty hike because of allegations of import duty hike and therefore the crash or itis possible for them to remove the import duty entirely resulting in price crash
Easier said than done… Another ATH now😉
I believe Zerodha was showing an incorrect iNAV yesterday for SilverCase.
On this page, Zerodha was displaying a live iNAV of around 31 (or higher) on 22 January 2026 at approximately 3:00 PM. However, today (23 January 2026) the same page shows the previous day’s iNAV as 29.77.
Displaying the wrong iNAV is a serious issue. Yesterday, someone could have assumed the instrument was trading at a ~7% discount and bought it based on that information.
@siva — could you please clarify what happened here (e.g., whether there was a data issue, a delayed update, or a correction made later)?
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Interesting. Can you please tell me, how iNav and Nav are calculated exactly?
How example, let’s say this fund owns 100kg physical silver.
NAV is calculated how? Is it based on Silver’s USD Price on XYZ change and then convert USD to INR?
If you meant NAV is last close price then it’s not 29.77. It closed at 29.39
And yesterday how can iNav be 31 or more and EOD NAV becomes 29.77?
What is the point of iNav if it is soo wrong? @Neelesh
Hence its indicative nav
Touches $101. Closed at $103. Monday holiday could be very risky.