Mon Dec 29 03:00:00 UTC 2025: Okay, here’s a news article summarizing the silver price volatility described in the provided text:
Silver Prices Experience Rollercoaster Ride: Soars to Record High, Then Plummets Over ₹21,000 in a Single Day
Mumbai, India – [Date inferred as early 2025 from context] – Silver markets experienced extreme volatility on Monday, with prices surging to unprecedented highs before crashing dramatically within hours. On the Multi Commodity Exchange (MCX), silver futures for March delivery initially hit a record peak of ₹2,54,174 per kilogram. However, this peak was followed by a sharp and sudden reversal, with prices plummeting as low as ₹2,32,663 per kilogram – a staggering drop of over ₹21,500 per kilogram.
The dramatic swing left investors reeling, struggling to understand the cause of such a precipitous fall.
“It was a complete market drama,” said one market analyst. “Silver started the day making history and then collapsed within an hour. It’s a wild ride.”
Market analysts attribute the initial surge to strong international demand and continued interest in silver as a safe-haven asset amidst global economic uncertainties and geopolitical tensions. Global silver prices had reached $80 per ounce before falling back to $75, influencing domestic prices. Some reports suggest that easing tensions between Russia and Ukraine may have also contributed to the shift, reducing the appeal of safe-haven investments.
The subsequent price crash is attributed to profit-taking. Traders who had benefited from the earlier rally began selling off their positions, triggering a wave of selling pressure that accelerated the price decline.
Experts note that silver has enjoyed a remarkable run over the past year, with prices increasing by over 150% since December 2024, when it was around ₹90,000 per kilogram. This growth has been fueled by increased industrial demand, particularly in green energy technologies such as electric vehicles and solar panels, as well as overall global economic uncertainty.
While the short-term outlook for silver remains uncertain, analysts continue to point to strong underlying demand as a positive long-term indicator.
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