Gold & Silver ETFs Are Crashing! Here is What’s Actually Occurring
Gold and silver ETFs are beneath strain as valuable steel costs witness a pointy correction. Gold has fallen under $4,200 an oz, whereas silver has practically halved from its January peak.
Rising US bond yields, robust jobs knowledge, and rising expectations of Fed charge hikes are driving traders away from non-yielding property like gold and silver. However after a large rally over the previous 4 years, is that this simply profit-booking or the beginning of an even bigger decline? Watch to grasp what’s behind the crash in gold and silver ETFs and what it means for traders.
