Silver ETFs Drop Up to 4% as India Allows 6,500 Tonnes Silver Imports
Silver ETFs, including Nippon Silver ETF, fell by up to 4% following India's approval of 6,500 metric tonnes of silver imports over six months. This move raised hopes of easing domestic supply constraints and premiums. Additionally, higher interest rates, rising bond yields, and a strong dollar contributed to the pressure on silver prices.
ET Markets·