Silver Prices Crash: Investors Anxious as Market Sees Sharp Decline

• Silver prices plummeted by $36 per ounce internationally and ₹1 lakh per kg domestically in Hyderabad's bullion market on Friday, shocking investors after a 30% surge.
• Gold also saw a significant drop, with international prices falling by $594 per ounce and domestic 24-carat gold in Hyderabad decreasing by ₹21,860 per 10 grams.
• MCX witnessed high volatility, with the April gold contract declining by 18% and the March silver contract falling by approximately 27% in a single day.
• Despite the recent crash, experts like Citi Brokerage remain positive, predicting silver could reach $150 per ounce in the next three months.
• Long-term support for silver is expected from shifting investor interest from gold, increasing industrial demand (electronics, solar), geopolitical tensions, and limited supply.

Why It Matters: Silver prices experienced a dramatic crash, but experts predict a potential long-term rally due to strong demand and limited supply.