Explained: Why gold, silver ETFs crashed up to 14% and should you buy the dip?

Gold, silver ETFs saw a sharp selloff on Friday, plunging as much as 14% as investors rushed to book profits after precious metals retreated from highs. The fall has sparked debate over whether the correction offers a buying opportunity or signals the end of a historic rally that saw silver surge 56% in January and gold post its strongest monthly gain since 1980. The domestic rout mirrored global markets, with spot silver sliding nearly 6% and gold dropping close to 4% from record levels, triggering steep losses across both silver and gold ETFs.