Gold and Silver ETFs Decline As U.S. Tariff Threats Ease

The Gold and Silver ETFs have sharply declined as of the January 22, 2026, trade session to 21%. This shows a fall in the gold and silver prices after their huge rise in the recent trade session.  The plunge was mainly due to the easing of tariff threats from the U.S. Donald Trump has declared that he won’t use force to impose tariffs and has taken back the new tariffs that were to be applied on February 1, 2026. The change comes in after Trump's discussion with NATO and some countries’ stance on his Greenland acquisition.  

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Gold ETFs Declined

As per the reports, many Gold ETFs registered a decline after recording a big high in the last trading sessions. Birla Sun Life Gold ETF dropped by 12% and is now trading at ₹130.42 per stock. Axis Gold ETF, Tata Gold ETF, and Bandhan Gold ETF also plunged by a rate of 11%. DSP Gold ETF, HDFC Gold ETF, Nippon India Gold ETF (Goldbees), LIC MF Gold ETF, and more declined by 9% and more on the January 22, 2026, trading session. 

Silver ETFs Declined

TATA Silver dropped its ETF by 12% on Jnauary 22, 2026. It is now offering its stocks at ₹26.41 per piece. Nippon Silver ETF (Silverbees), DSP Silver ETF, HDFC Silver ETF, ICICI Prudential Silver ETF, Bandhan Silver ETF, and other Silver ETFs dropped by 14%. Moreover, with a decline of 15%, Kotak Silver ETF, Mirae Asset Silver ETF, Aditya Birla Sin Life Silver ETF, and more have pulled down from the dramatic rise in the silver ETFs and price on January 22, 2026
Reportedly, Groww Silver ETF, 360 One Silver ETF, and Axis Silver ETF have also declined after a fresh high in a recent trade session. ETFs of these Silver stakeholders dropped by 16%- the biggest drop in silver ETFs. 

Conclusion

Due to the raised tariff threats from the U.S. to attain its objective of acquiring Greenland, the Silver and Gold ETFs had shown a sudden and fresh high in the last trading sessions. However, on the trading session of January 22, 2026, the ETFs of Silver and Gold dropped sharply, mirroring the decline in the rising prices of silver and gold. This momentum was fostered by the U.S. taking back its punitive tariff which were to be imposed on February 1, 2026. Donald Trump has specified that he won’t be using any force after a meeting with NATO, considering the stance of some countries on the U.S. Greenland acquisition.