The Economic Times

Silver ETFs crash up to 21%, gold ETFs slide 7% as bullion sinks on MCX. What should investors do?

Silver ETFs saw deep cuts, with some plunging as much as 21%. Axis Silver ETF dropped the most, hitting a low of Rs 216.86 versus the previous close of Rs 275. MCX has imposed additional margins on gold and silver futures across all variants after a periodic risk review. An extra margin of 4.5% on silver futures and 1% on gold futures took effect from February 5.