Silver ETF Prices Fall 20%: Why the Multibagger Rally Suddenly Crashed

Gold Price Today

Silver ETF Prices: Indian silver exchange-traded funds (ETFs) crashed up to 20% on Thursday in a dramatic reversal, wiping out their premium to international and physical markets as investors fled amid heightened volatility in precious metals. Nippon India Silver ETF, ICICI Prudential Silver ETF, and Kotak Silver ETF each plummeted 19-20% in morning trade, falling below their indicative net asset values (iNAVs) as what had been an abnormally steep premium evaporated and transformed into a discount.

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Silver uptrend remains intact, with price holding above the 21-day EMA at $37.50, What’s Next for Indian Investors?

Silver

Hey there, desi investors! If you’ve been keeping an eye on Silver (XAG/USD), you might’ve noticed it’s taking a slight chhutti (break) today, trading around $37.57 as of Thursday, July 17, 2025. After climbing to a mast (awesome) 14-year high of $39.13 earlier this week, the shiny metal seems to be catching its breath. But don’t worry, the josh (excitement) in the silver market is still alive! Let’s break it down in simple English, with a bit of Indian tadka (flavor), to help you understand what’s happening and what to watch for.

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