Silver Plummets Rs 22,000 in Historic Single-Day Crash; Gold, Copper Also Fall

• Silver prices crashed by Rs 22,172 (8%) per kilogram in a single day on December 29, marking the biggest historic fall after hitting an all-time high.
• Gold also saw a significant decline of over Rs 2,800 (2%) per 10 grams on MCX after reaching a record level.
• Copper prices plummeted by 13% to Rs 1,211.05 per kilogram after touching a lifetime high of Rs 1,392.95.
• Reasons for the fall include profit-booking, reduction in geopolitical tensions (US-Ukraine-Russia ceasefire hopes), and China's upcoming 2026 supply restrictions.
• An increase in CME Group's margin for March 2026 futures also contributed to the decline in silver prices and shares of Hindustan Zinc and Copper.

Why It Matters: Metals like silver, gold, and copper experienced a historic single-day price crash due to multiple global factors.