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Indian AMC suspends fresh inflows into Silver ETF citing supply stress
UTI halts new Silver ETF inflows due to domestic silver shortage & high premium.
UTI Asset Management has put a temporary stop on new lump-sum and switch-in investments into its Silver ETF from October 13, citing tight physical silver supply in domestic markets, which has pushed premiums sharply higher. Existing SIPs and redemptions are unaffected. The move echoes supply constraints ahead of the festive season and is seen as a precaution in volatile commodity markets. (Reuters)