Silver Plunges 9% in Biggest 5-Year Drop; Stabilizes Today After Profit Booking

• Silver plummeted 9% on Monday, marking its largest single-day fall in five years.
• Today, Tuesday, international silver and gold prices show stability after the sharp decline.
• On MCX, silver futures dropped 8% (₹22,172) on Monday, settling at ₹2,32,663 per kg.
• The sharp sell-off is attributed to profit booking, an 'overbought' market, and year-end low liquidity.
• Precious metals saw a strong rally this year due to central bank buying, ETF investments, and US Fed rate cuts.

Why It Matters: Silver saw its biggest 5-year fall (9%) yesterday due to profit booking, but prices stabilize today.