Silver Plunges for Second Day Amid Firm Dollar, Easing Geopolitical Tensions

• Silver futures dropped for the second consecutive day due to profit-booking, a strong US dollar, and receding global geopolitical risks.
• On MCX, March delivery silver futures fell by Rs 8,198 per kilogram, hitting an intraday low of Rs 2,29,187 per kg.
• The white metal had previously depreciated by 9.3% on Thursday, closing at Rs 2,43,815 per kg.
• Experts attribute the fall to rapid price increases, optimistic positioning, and investors cutting exposure to volatile assets.
• Gold futures, however, pared initial losses to trade higher on MCX, while both metals weakened on Comex.