Gold and silver ETFs rebound up to 10% after 20% morning crash; investors weigh next move

February 2, 2026

Gold and silver ETFs experienced a significant crash, losing up to 20%, before partially recovering by mid-trade. This sharp sell-off followed a steep correction in bullion prices from record highs, driven by profit-booking and unwinding of leveraged positions. Dollar strength and global cues also weighed on bullion prices.

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