Silver Price Plunges ₹31,000 in Single Day: 5 Reasons Behind the Crash

• Silver prices plummeted by ₹31,000 per kg on MCX and over 10% globally ($80 to $71 per ounce) in a single day after hitting record highs.
• Key reasons for the crash include widespread profit-taking by investors after the rapid surge, and significant pressure from the global market.
• De-escalation of geopolitical tensions, particularly positive signs regarding Russia-Ukraine peace talks, reduced demand for silver as a safe-haven asset.
• Increased margin requirements by CME Group (COMEX) forced traders to cut positions, accelerating selling pressure in the market.
• The sharp decline was also an inevitable market correction following an extraordinary rally, with silver rising 181% this year and almost tripling in the last year.

Why It Matters: Silver saw a massive single-day crash due to profit-taking, global pressure, easing tensions, and margin hikes.