Gold & Silver ETFs Are Crashing! Here’s What’s Really Happening
Gold and silver ETFs are underneath strain as treasured steel costs witness a pointy correction. Gold has fallen beneath $4,200 an oz, whereas silver has almost halved from its January peak.
Rising US bond yields, sturdy jobs knowledge, and rising expectations of Fed fee 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 a much bigger decline? Watch to grasp what’s behind the crash in gold and silver ETFs and what it means for traders.