Silver ETFs fell by up to 5% on Thursday as rising crude oil prices and caution ahead of key US inflation data weighed on investor sentiment. Market participants are awaiting the US Consumer Price Index (CPI) report for clues about the Federal Reserve’s next interest rate move.
Among the 19 silver ETFs in the said time period, Motilal Oswal Silver ETF and Quant Silver ETF fell the most, by around 5%. Eight silver ETFs - Tata Silver ETF, ICICI Prudential Silver ETF, Zerodha Silver ETF, SBI Silver ETF, UTI Silver ETF, DSP Silver ETF, Mirae Asset Silver ETF and Groww Silver ETF lost up to 4%.
