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Global X Silver Miners ETF

81.68

+2.593.27%

Post-market: 81.790.1100+0.13%19:59 EDT

Volume:905.99K

Turnover:73.43M

Market Cap:4.46B

PE:-13.87

High:82.34

Open:79.29

Low:79.22

Close:79.09

52wk High:119.24

52wk Low:46.18

Shares:54.66M

Float Shares:54.66M

Volume Ratio:0.41

T/O Rate:1.66%

Dividend:0.99

Dividend Rate:1.21%

EPS(TTM):-5.8900

ROE:--

ROA:--

PB:--

PE(LYR):- -

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Overview Company News Filings

Gold and Silver Show Divergent Movements Amid Market Pressures

Will the Downward Breakout in Gold and Silver Continue? Analysis of Today's Market Trend and Trading Suggestions

Precious Metals Tumble as Inflation Fears Drive Bond Yields and Dollar Higher

Market Turmoil: Gold, Silver, and Asia-Pacific Stocks Plunge Across the Board!

Global Markets Slide as Rate Hike Fears and Inflation Concerns Intensify

Maronan Metals Encounters Shallow Silver, Copper-Gold Intercepts at Queensland Project; Shares Fall 5%

MT Newswires Live

Gold, silver fall as inflation fears fuel rate-hike bets

Yihui Xie & Preeti Soni / Bloomberg

Press Release: DENARIUS METALS FILES FIRST QUARTER 2026 INTERIM FINANCIAL STATEMENTS, INTERIM MD&A AND ZANCUDO TECHNICAL REPORT ON SEDAR+

India hikes gold, silver tariffs to 15%, Reuters reports

Contango Ore reports Q1 gold production 26,890 oz.

The commodities guru who warned about silver falling now is saying the hantavirus could do the same to oil

Gold and silver await fresh catalyst despite supportive fundamentals - Sucden Financials

Analysis of Gold and Silver Price Movements and Trading Recommendations

UBS Bullish on Precious Metals: Gold Targets $6,000, Silver Could Return to $100 by Year-End

Silver price outlooks chopped as supply deficit forecasted to narrow dramatically in 2026 - UBS

Silver is emulating gold’s post-2024 rise

Gold firms near $4,700, silver slips as Hormuz talks steady oil - Kitco AM Report

Sulfur, pyrite, tolling emerge as new levers in copper concentrate trade: sources

Microsoft's $100 Billion Bet on OpenAI Yields Massive Returns and Reshapes AI Cloud Landscape

India has increased tariffs on gold. Why it might paradoxically be a positive signal for the metal.

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After briefly touching a historic milestone, the KOSPI reversed sharply,...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["GBUG","TLT","PSLV","SIL","EWY","US7Y.BOND","BK4535","US3Y.BOND","ZSL","SIVR","AGQ","BK4547","US30Y.BOND","KSLV","VXUS","VT","SLV","SLVR","UUP","SImain","GLTR","US10Y.BOND","XME","UDN","QImain","CEF","US6M.BOND","BK4588","TLTW","FLKR","US5Y.BOND","PICK","TMF","SETM","BEGS","MKOR","US12M.BOND","SILJ","US2Y.BOND","KORU","SLVP","BK4585","GOAU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635049775","title":"Maronan Metals Encounters Shallow Silver, Copper-Gold Intercepts at Queensland Project; Shares Fall 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2635049775","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635049775?lang=en_us&edition=fundamental","pubTime":"2026-05-15 10:38","pubTimestamp":1778812726,"startTime":"0","endTime":"0","summary":"Maronan Metals  said ongoing infill drilling at the Maronan project in Queensland encountered shallow silver and copper-gold intercepts, according to a Friday Australian bourse filing.It hit intercepts of 4.22 meters at 5.2% grade of lead and 203 grams per tonne grade of silver from 410 meters, one meter at 10.95% grade of lead and 482 g/t grade of silver from 351 meters, as well as six meters at 2.51% grade of copper and 1.77 g/t grade of gold from 238 meters.Its shares fell 5% in recent trading on Friday.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["GOAU","BK4547","PSLV","CEF","SLVR","MMA.AU","GLTR","SETM","COPX","XME","SLVP","BK4535","SILJ","SLV","GBUG","DBB","BK7095","SIVR","BEGS","AGQ","ZSL","BK4585","SIL","KSLV","BK4588","UYM","PICK"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635340490","title":"Gold, silver fall as inflation fears fuel rate-hike bets","url":"https://stock-news.laohu8.com/highlight/detail?id=2635340490","media":"Yihui Xie & Preeti Soni / Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635340490?lang=en_us&edition=fundamental","pubTime":"2026-05-15 07:15","pubTimestamp":1778800518,"startTime":"0","endTime":"0","summary":"Gold and silver fell as a war-driven surge in US inflation fuelled expectations for higher interest rates.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/gold/gold-silver-fall-inflation-fears-fuel-rate-hike-bets?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.theedgesingapore.com/news/gold/gold-silver-fall-inflation-fears-fuel-rate-hike-bets?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"edge_highlight","symbols":["PHYS","SHNY","DZZ","IAUI","BK4585","CEF","JNUG","RING","SGOL","DULL","DUST","DBC","GLDM","GDXJ","GLL","DGP","IGLD","JDST","OUNZ","BK4588","GDX","USG","SGDM","GDXY","IAUM","AAAU","GDXD","BTGD","BK4207","BAR","BK4504","BGLD","GLD","XAUUSD.FOREX","KGLD","DGZ","BK4547","IAU","GDXU","SILV","SIL","BK4535","UGL","YGLD","UYM","GLDY","GOLY","FGDL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635893721","title":"Press Release: DENARIUS METALS FILES FIRST QUARTER 2026 INTERIM FINANCIAL STATEMENTS, INTERIM MD&A AND ZANCUDO TECHNICAL REPORT ON SEDAR+","url":"https://stock-news.laohu8.com/highlight/detail?id=2635893721","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635893721?lang=en_us&edition=fundamental","pubTime":"2026-05-15 05:23","pubTimestamp":1778793780,"startTime":"0","endTime":"0","summary":"Denarius Metals continued to ramp up mining operations in the first quarter of 2026 at its Zancudo Project in Colombia. Total revenue in the first quarter of 2026 amounted to $3.5 million, up from $1.7 million of revenue recorded in its 2025 fiscal year. During the current \"early production\" phase, expected to run until the third quarter of 2026 when the Company's new 1,000 tonnes per day processing plant is expected to be commissioned, mined material is being crushed onsite at Zancudo and then shipped to a local port for sale to Trafigura Pte. Ltd.  to generate operating cash flow.The Company reported a net loss of $18.4 million  in the first quarter of 2026 compared with a net loss of $4.2 million  in the first quarter of 2025. The increase in the Company's net loss in the first quarter of 2026 primarily reflects an increase in the non-cash loss recognize","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["GBUG","AGQ","SIL","DULL","GLL","IAU","SHNY","DUST","DNRSF","ON","NG","SIVR","ZSL","UGL","IAUI","DZZ","DGP","PICK","SGOL","GDXY","GDXD","BEGS","SILJ","GOAU","1OZmain","GOLY","GDXJ","SLV","IAUM","UYM","BAR","RING","USG","GLTR","FGDL","CEF","PHYS","JDST","BTGD","GDXU","OUNZ","XME","DBC","GDX","JNUG","SGDM","PSLV","AAAU","GLDM","SLVR"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635285847","title":"India hikes gold, silver tariffs to 15%, Reuters reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2635285847","media":"TIPRANKS","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635285847?lang=en_us&edition=fundamental","pubTime":"2026-05-15 03:28","pubTimestamp":1778786934,"startTime":"0","endTime":"0","summary":"India has raised effective import tariffs on gold and silver to 15% from 6% to curb precious metal imports and support foreign exchange reserves an...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/india-hikes-gold-silver-tariffs-to-15-reuters-reports-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/india-hikes-gold-silver-tariffs-to-15-reuters-reports-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BTGD","GDXY","GOAU","PSLV","SGDM","SIL","SLVP","CEF","1OZmain","IAU","JDST","GDXD","XME","IAUM","PHYS","DUST","UYM","FGDL","AAAU","PICK","JNUG","BEGS","SLVR","UGL","RING","SHNY","SGOL","GBUG","SILJ","DBC","GDX","GLDM","GLTR","ZSL","DULL","AGQ","GOLY","USG","DGP","KSLV","MNDmain","GLL","OUNZ","IAUI","SIVR","BAR","DZZ","SLV","GDXU","GDXJ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635574286","title":"Contango Ore reports Q1 gold production 26,890 oz.","url":"https://stock-news.laohu8.com/highlight/detail?id=2635574286","media":"TIPRANKS","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635574286?lang=en_us&edition=fundamental","pubTime":"2026-05-15 01:08","pubTimestamp":1778778538,"startTime":"0","endTime":"0","summary":"Reports Q1 26,710 oz. of gold and 50,142 oz. of silver sold. CEO Rick Van Nieuwenhuyse stated, “Q1 2026 was a period of significant operational tra...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/contango-ore-reports-q1-gold-production-26890-oz-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/contango-ore-reports-q1-gold-production-26890-oz-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["JNUG","PHYS","SGOL","BAR","BTGD","SGDM","FGDL","JDST","GLTR","PICK","RING","SIVR","1OZmain","GDXJ","BEGS","GLDM","CEF","GDXD","IAUM","GOLY","DZZ","GBUG","SIL","SLV","XME","GOAU","GDXU","OUNZ","PSLV","DUST","USG","SHNY","KSLV","ZSL","SLVP","DGP","AAAU","GDX","GDXY","SILJ","AGQ","SLVR","GLL","IAU","DULL","IAUI","DBC","UGL","UYM","BK4547"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635171186","title":"The commodities guru who warned about silver falling now is saying the hantavirus could do the same to oil","url":"https://stock-news.laohu8.com/highlight/detail?id=2635171186","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635171186?lang=en_us&edition=fundamental","pubTime":"2026-05-14 19:08","pubTimestamp":1778756880,"startTime":"0","endTime":"0","summary":"Former Bridgewater pro worries things could get much worse before they get better. Hantavirus could spin out of control, warns a former head of commodities at hedge-fund giant Bridgewater.While oil has already had a blowout year due to the unresolved and devastating Iran war, some say it's underpriced as big shortages loom.Our call of the day from the former head of commodities at hedge-fund giant Bridgewater and chief executive and founder of Black Snow Capital, Alexander Campbell, is ringing alarm bells over a deadly virus outbreak on a luxury cruise.\"The reason I am writing this, is because the very same tools I didn't trust enough during COVID - the simple estimates of a) how infectious is this thing, and b) how deadly -imply this is something that has the potential to get out of hand,\" he said.Investors in \"transportation sensitive markets,\" such as oil cruises and airlines \"own this exposure whether you want to admit it or not,\" he said.Campbell, who made a prescient call on silv","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["XES","CSCO","VDE","XME","XLE","BWET","USE","USL","SIL","GLTR","FTXN","WTIU","XOP","BNO","USOI","ERX","BEGS","IXC","PSLV","SLVP","SILJ","UGA","AGQ","DBO","DRIP","GOAU","SLV","SIVR","DIG","PICK","DRLL","DBC","NVDA","KSLV","CEF","NVDO","SLVR","DBE","OIH","OILT","PXE","ZSL","OILU","GBUG","GUSH","IEO","DUG","PXJ","OILK","USO"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635747969","title":"Gold and silver await fresh catalyst despite supportive fundamentals - Sucden Financials","url":"https://stock-news.laohu8.com/highlight/detail?id=2635747969","media":"Kitco","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635747969?lang=en_us&edition=fundamental","pubTime":"2026-05-14 17:56","pubTimestamp":1778752560,"startTime":"0","endTime":"0","summary":"(Kitco News) - Gold and silver continue to draw support from solid longerterm fundamentals through the second quarter, but one investment firm said the market is still waiting for a clear macroeconomi","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-05-14/gold-and-silver-await-fresh-catalyst-despite-supportive-fundamentals-sucden","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.kitco.com/news/article/2026-05-14/gold-and-silver-await-fresh-catalyst-despite-supportive-fundamentals-sucden","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"kitco_highlight","symbols":["AAAU","PHYS","BTGD","GDXY","IAUI","DGP","FGDL","IAUM","BK4504","1OZmain","UYM","GLDM","DZZ","BAR","JDST","BK4207","BK4547","DBC","GOLY","SGDM","DUST","GDXJ","SIL","UGL","RING","JNUG","IAU","GLL","USG","BK4588","BK4535","DULL","SGOL","GDXD","CEF","GDX","BK4585","SHNY","OUNZ","GDXU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1129835078","title":"Analysis of Gold and Silver Price Movements and Trading Recommendations","url":"https://stock-news.laohu8.com/highlight/detail?id=1129835078","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1129835078?lang=en_us&edition=fundamental","pubTime":"2026-05-14 17:16","pubTimestamp":1778750163,"startTime":"0","endTime":"0","summary":"Analysis of Gold Price Trend: On May 14th, the oscillating uptrend is not yet complete; maintaining key levels supports a continued bullish outlook. From a broader perspective, gold has shown a...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SGUmain","XME","GLDM","BEGS","GLL","BK4535","GLD","SILJ","DZZ","GDXD","GDXU","SHNY","UYM","UGL","BTGD","DGP","1OZmain","QImain","518880","SGCmain","SIVR","SLVP","OUNZ","PHYS","SETM","SIL","GDXJ","SLV","USG","BK4547","CEF","AAAU","IAUM","DULL","GDXY","JNUG","MGCmain","PICK","RING","BK4588","KSLV","AGQ","IAUI","GOLY","SLVR","NUGT","BK4504","BAR","SImain","PSLV","SGOL","GLTR","GCmain","GBUG","GOAU","BK4207","BK4585","SGDM","ZSL","DUST","QOmain","FGDL","GDX","JDST","PALL","DBC","159934","IAU","159831"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1185498781","title":"UBS Bullish on Precious Metals: Gold Targets $6,000, Silver Could Return to $100 by Year-End","url":"https://stock-news.laohu8.com/highlight/detail?id=1185498781","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1185498781?lang=en_us&edition=fundamental","pubTime":"2026-05-14 17:07","pubTimestamp":1778749652,"startTime":"0","endTime":"0","summary":"A strategist from UBS stated that precious metals are poised for a favorable upward trend. Gold and silver prices have weakened since hitting highs on January 29: gold was then at $5,620.80 per troy...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["AAAU","IAUM","SGDM","UUP","GDXD","SLV","UYM","DZZ","DBC","BEGS","PHYS","UGL","GDXJ","CEF","DULL","SLVP","BK4585","JNUG","SGOL","SLVR","BAR","USG","IAU","OUNZ","IAUI","SHNY","FGDL","BK4207","GOAU","DGP","GOLY","BTGD","GLDM","DUST","PALL","BK4547","AGQ","MGCmain","GDX","GDXY","JDST","GDXU","PSLV","GLTR","SIVR","ZSL","BK4504","SIL","RING","SILJ","GBUG","BK4588","UDN","BK4535","KSLV","GLL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635744352","title":"Silver price outlooks chopped as supply deficit forecasted to narrow dramatically in 2026 - UBS","url":"https://stock-news.laohu8.com/highlight/detail?id=2635744352","media":"Kitco","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635744352?lang=en_us&edition=fundamental","pubTime":"2026-05-14 15:40","pubTimestamp":1778744400,"startTime":"0","endTime":"0","summary":"(Kitco News) – Weaker investment demand, softer industrial consumption, and higher mine supply will lower the supply deficit dramatically, which diminishes silver’s potential upside across multiple ti","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-05-14/silver-price-outlooks-chopped-supply-deficit-forecasted-narrow-dramatically","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.kitco.com/news/article/2026-05-14/silver-price-outlooks-chopped-supply-deficit-forecasted-narrow-dramatically","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"kitco_highlight","symbols":["BK4535","SIL","BK4585","UBS","BK4547","BK4588"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635749562","title":"Silver is emulating gold’s post-2024 rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2635749562","media":"Kitco","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635749562?lang=en_us&edition=fundamental","pubTime":"2026-05-14 14:57","pubTimestamp":1778741820,"startTime":"0","endTime":"0","summary":"The silver and gold market presents itself as a paradox when we get declines during bull markets that are normally associated with bear markets. This is especially true for silver, which declined 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Why it might paradoxically be a positive signal for the metal.","url":"https://stock-news.laohu8.com/highlight/detail?id=2635780791","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635780791?lang=en_us&edition=fundamental","pubTime":"2026-05-13 21:36","pubTimestamp":1778679360,"startTime":"0","endTime":"0","summary":"India lifts import tax on gold and silver from 6% to 15%. Indians are among the largest buyers of gold in the world. Manjunath Kiran/AFP via Getty Images. The news that Indian Prime Minister Narendra Modi increased tariffs on gold and silver might have a different impact than first imagined.Modi on Wednesday increased tariffs on gold  and silver  from 6% to 15%. The step was introduced after Modi requested during a speech on Sunday that Indians should not buy gold. \"In the current situation, we must place great emphasis on saving foreign exchange,\" he said.Ross Norman, chief executive officer at Metals Daily, a news platform devoted to precious metals, interprets the news like this: \"Probably mildly bearish in the short term but longer-term, this reinforces the argument for owning gold - and in our view, that is the only way it should be played.\". 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