Silver ETF prices crash 20%. Who pulled the plug on multibagger rally?
Indian silver ETFs tumbled up to 20% on Thursday, erasing high premiums as prices corrected sharply. The retreat from record highs came as the dollar strengthened and risk appetite improved globally, reducing demand for safe-haven assets. The slump was far sharper than moves in global spot and MCX futures, highlighting extreme ETF volatility amid shifting risk sentiment, profit-booking and geopolitical easing.
Indian silver ETFs tumbled up to 20% on Thursday, erasing high premiums as prices corrected sharply. The retreat from record highs came as the dollar strengthened and risk appetite improved globally, reducing demand for safe-haven assets. The slump was far sharper than moves in global spot and MCX futures, highlighting extreme ETF volatility amid shifting risk sentiment, profit-booking and geopolitical easing.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
