Silver Hits All-Time High Globally, Experts Advise Caution Amid Price Volatility

• Silver reached a new international record of $98.98 per ounce on January 23, up 3% from its previous close.
• Geopolitical tensions, trade uncertainties, and industrial demand are driving investor interest in silver.
• In India, silver prices fluctuated, dropping about 6% to ₹2,99,711 per kilogram on January 22, after being above ₹3.19 lakh.
• Silver futures on MCX closed at ₹3,26,500 per kilogram, 2.5% higher, but had hit a record high of ₹3,35,521 on January 21.
• Experts advise against immediate silver purchases due to profit-booking and potential further price drops, recommending buying at support levels.

Why It Matters: Silver prices are at an all-time high internationally, but experts recommend caution for new purchases due to volatility.