Gold, Silver Prices Plummet: Global Markets Shaken, ETFs See Sharp Declines

• Gold and silver prices, along with commodity ETFs, experienced significant declines on Friday, with some ETFs falling by up to 10%.
• The downturn was driven by sell-offs in technology stocks, a strengthening US dollar, and increased margin requirements in commodity futures.
• Silver ETFs were hit harder, with losses between 6% and 10%, while gold ETFs saw declines of 5% to 8%.
• MCX futures for both gold and silver fell, with silver recording its largest weekly decline in a decade in global markets.
• Increased margin requirements forced traders to reduce leveraged positions, intensifying selling pressure across precious metals and ETFs.