Gold, Silver ETFs Plunge Up To 10% Amid Precious Metals Rout; What Should Investors Do?

• Gold and silver-linked commodity ETFs fell up to 10% on Friday, tracking sharp drops in precious metal futures on the MCX.
• The decline was driven by a global sell-off in technology stocks, a strengthening US dollar, and hawkish US Federal Reserve expectations.
• Kotak Silver ETF tumbled 10%, while HDFC, SBI, and Edelweiss Silver ETFs declined about 9%; Angel One Gold ETF slipped 8%.
• Hareesh V of Geojit Investments advises patience, suggesting gradual accumulation for long-term investors due to supportive fundamentals like geopolitical tensions and central bank demand.
• Margin hikes on silver and gold futures, along with profit-taking after record highs, have amplified price swings and kept sentiment fragile.