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Gold, silver ETFs slide more than 3% as bullion prices tumble; expert says it's a volatility reset, not collapse
Silver ETFs plunged up to 3.81% and gold ETFs dropped as much as 2.72% on June 25, tracking a sharp correction in domestic and global bullion prices. Analysts say the selloff reflects rising US rate-hike expectations, a stronger dollar, and unwinding of safe-haven trades rather than a breakdown in gold's long-term investment case.
Silver ETFs plunged up to 3.81% and gold ETFs dropped as much as 2.72% on June 25, tracking a sharp correction in domestic and global bullion prices. Analysts say the selloff reflects rising US rate-hike expectations, a stronger dollar, and unwinding of safe-haven trades rather than a breakdown in gold's long-term investment case.
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