Silver ETFs Under Scrutiny: Global Price Crash and Budget 2026 Impact
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Moneycontrol•01-02-2026, 09:40
Silver ETFs Under Scrutiny: Global Price Crash and Budget 2026 Impact
- •Silver ETFs in India are under focus today, February 1st, due to Budget 2026 and a sharp global commodity market decline.
- •Spot silver prices plummeted 37% globally on Friday, January 30th, the largest single-day fall, with futures down 31%.
- •Indian silver ETFs like Nippon AMC Silver BEES fell 15-20% on Friday, while US ETFs saw drops up to 60%.
- •The decline is attributed to Kevin Warsh's nomination for Fed Chair, strengthening US Dollar, and technical factors like overbought RSI.
- •Concerns arose about trading halts if prices fell below the 20% circuit limit based on T-2 NAV for Indian ETFs.
Why It Matters: Silver ETFs face uncertainty after a historic global price crash and ahead of India's Budget 2026.
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