In the wake of the recent gold price decline, metal holdings in the GLD Gold ETF have fallen by 26 tons in a week.

Gold ETF
The recent weakness in the gold price trend was accompanied by significant outflows of funds from the largest gold ETF.
Investors withdrew $1.5 billion from the SPDR Gold Shares (GLD) in one week, according to data from the operator.
26 tons sold
As of Feb. 24, 2021, the fund’s gold holdings were down 2.3 percent from the previous week. This represents a withdrawal or sale of 26.53 tons of gold.
Year-to-date, GLD gold holdings are down 63.5 tons.
Gold ETF Holdings
Officially, the fund must physically deposit 1/10 ounce of gold for each unit certificate. The bars are stored in the vaults of major banks in London.
If investors withdraw money from the gold ETF, metal enters the market accordingly.
Silver ETF
In contrast, outflows from the largest silver fund were more moderate. The silver price has also not suffered as much as gold recently. The inventory of the iShares Silver Trust (SLV) decreased by 1.1 percent or 222.46 tons to 19,272.14 tons compared to the previous week.
Each fund unit of the SLV is physically covered with 1 ounce of silver, according to the securities prospectus.
Translated with www.DeepL.com/Translator