Silver ETFs Plummet 19% from Peak as Global Prices Tumble
Silver Exchange-Traded Funds (ETFs) have fallen nearly 19% from their October 15 peak due to a stronger dollar, increased commodity risk aversion, and US-China trade tensions. Global silver prices dropped 7.1% on Tuesday, affecting the Indian market where MCX silver fell by ₹327 during Muhurat trading, settling at ₹150,000 per kg. ETF premiums have disappeared, with some now trading at discounts. Despite the correction, analysts remain bullish long-term, with Motilal Oswal forecasting $75-77 per ounce by 2026-2027, and Bank of America predicting $65 per ounce due to structural supply shortfalls.
Silver Exchange-Traded Funds (ETFs) have fallen nearly 19% from their October 15 peak due to a stronger dollar, increased commodity risk aversion, and US-China trade tensions. Global silver prices dropped 7.1% on Tuesday, affecting the Indian market where MCX silver fell by ₹327 during Muhurat trading, settling at ₹150,000 per kg. ETF premiums have disappeared, with some now trading at discounts. Despite the correction, analysts remain bullish long-term, with Motilal Oswal forecasting $75-77 per ounce by 2026-2027, and Bank of America predicting $65 per ounce due to structural supply shortfalls.
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