Silver Prices Plunge Over 2% on MCX, ETFs Down 10-14% as Safe-Haven Demand Wanes

• Silver prices on MCX fell by over 2%, while silver ETFs dropped 10-14% on January 22.
• The decline is attributed to reduced safe-haven demand as geopolitical tensions eased and the US dollar strengthened.
• Spot silver in the international market traded near $92.27 per ounce after hitting a record high of $95.87.
• US President Donald Trump's softened stance on tariff threats and Greenland comments reduced geopolitical uncertainty.
• Investors are now awaiting US PCE inflation data and weekly unemployment claims for Federal Reserve's policy signals.

Why It Matters: Silver prices saw a significant drop due to easing geopolitical tensions, a stronger dollar, and reduced safe-haven demand.