Silver Crashes 8,000 Rupees, 1.84 Lakh Cheaper From High; Gold Also Slips

• Gold and silver prices plummeted on Monday, February 16, on MCX.
• Silver for March expiry fell by 8,800 rupees per kilogram, now 1.84 lakh cheaper than its January 29 peak of 4.20 lakh.
• Gold for April expiry dropped by 1,700 rupees per 10 grams, down 39,000 rupees from its January 29 high of 1.93 lakh.
• Reasons for the sharp decline include profit-booking after record highs, a stronger US dollar, and market uncertainty due to US inflation data and Fed policy.
• Long-term investors might see this as a buying opportunity, but caution is advised due to continued market volatility.