Silver ETFs fall 4%, gold dips 2% amid strengthening dollar | SBI Silver ETF dipped 3.93% to ₹208.26 | Inshorts
Silver ETFs fell by over 4 while gold ETFs recorded over 2 losses on Thursday. Expectations of higher US interest rates and strengthening of US dollar, which reduce the appeal of precious metals as safehaven assets, primarily caused the decline. Nippon India Silver ETF fell as much as 3.99 to ₹202.58, while SBI Gold ETF dropped over 2.8 to ₹118.06.
Silver ETFs fell by over 4 while gold ETFs recorded over 2 losses on Thursday. Expectations of higher US interest rates and strengthening of US dollar, which reduce the appeal of precious metals as safehaven assets, primarily caused the decline. Nippon India Silver ETF fell as much as 3.99 to ₹202.58, while SBI Gold ETF dropped over 2.8 to ₹118.06.
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