Silver Rebounds After Steep Fall; Long-Term Outlook Bullish

• Silver prices recovered in India and globally on Tuesday after a significant single-day decline, its sharpest in over five years.
• MCX silver jumped over 4% to Rs 2.36 lakh/kg, following a 10.3% drop from its record high of Rs 2.5 lakh.
• The broader precious metals pullback was attributed to technical indicators suggesting rapid price increases and thin liquidity.
• Motilal Oswal Financial Services Ltd (MOSL) views silver's 2025 rally as structural, driven by central bank buying, ETF inflows, and Fed rate cuts.
• MOSL maintains a "buy-on-dips" strategy, with a next COMEX target of $77, equivalent to Rs 2,46,000 domestically.

Why It Matters: Silver recovers from a sharp dip, with experts maintaining a bullish long-term outlook due to structural demand.