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Gold & Silver ETFs Dive Despite Futures Surge
4 Mar
Summary
- Silver ETFs saw losses up to 8% on a recent trading day.
- MCX gold and silver futures experienced intra-day gains.
- ETFs did not mirror the upward movement in bullion prices.
Precious metals displayed significant price volatility recently, with a stark contrast between futures and ETF performance. MCX gold and silver futures experienced robust intra-day gains, yet both Gold and Silver ETFs concluded trading sessions in the red, with Silver ETFs seeing particularly sharp declines of up to 8%.
This divergence indicates that markets were still navigating the aftermath of previous sharp declines. While bullion prices on MCX and COMEX showed upward movement, this was not reflected in domestic ETFs, suggesting imbalanced demand. Factors such as a strengthened US dollar and investor profit-booking also played a role in softening demand across exchanges and fund platforms.
