Silver rate today, Feb. 2 -- Silver ETFs extended losses for the third straight session as the historic slide in precious metals intensified across domestic and global markets. The sharp correction in bullion prices has spilled over into exchange-traded funds, eroding gains that had built up over an extraordinary rally in the past year.

Among the hardest hit were Kotak Silver ETF and ICICI Prudential Silver ETF, both tumbling 20%. SBI Silver ETF and Axis Silver ETF also declined 20%. HDFC Silver ETF fell 19.5%, while Nippon India Silver ETF dropped 19%. Over the last three trading sessions of extreme volatility, all silver ETFs have lost more than 40%.

MCX Silver rate today crashed 15% on Monday, February 2, following a steep correction...