ISHARES SILVER TRUST

Spot gold fell 0.2% to $1,927.35 per ounce by 10:20 a.m. ET (1520 GMT), after hitting its highest since late-April 2022 earlier in the session. U.S. gold futures was up 0.3% to $1,922.30.The dollar index gained 0.2% against its rivals, making greenback-priced bullion cheaper for many buyers, while benchmark U.S. 10-Treasury yields rose to a near one-week high. [USD/][US/]

Silver has witnessed sharp volatility since the start of this year, marking a high of Rs 73,000 and a low of 51,500. Analysts believe that silver ETFs might gain from many global and domestic tailwinds.

iShares Silver Trust, the short-squeeze target of retail traders on Reddit last week, slumped more than 6 per cent.

Spot silver fell 7.5% to $26.82 an ounce by 10:32 a.m. EST (1532 GMT). On Monday it surged 7.3% to its highest since February 2013.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 764.58 down 2.65 tonnes

On the global front, gold prices traded steady in the early trade, but hovered close to an 18-month low.