Silver Plunges 8% After Record High, Echoes 1979 Volatility

• Global silver prices plummeted 8% within minutes after hitting record highs, mirroring 1979's sharp fluctuations.
• In India, MCX silver dropped ₹15,000/kg from its peak, reaching ₹234,850/kg, following a global surge past $82/ounce.
• The sudden fall is attributed to profit-booking after a 7-day rally and amplified by low year-end trading volumes.
• Despite the intra-day dip, silver is up 180% in 2025, potentially making it the best year since 1979.
• The rally is driven by a supply deficit, strong physical demand, and consistent industrial consumption in electronics and new technologies.

Why It Matters: Silver saw a dramatic 8% fall post-record, but its 2025 rally remains strong, echoing 1979's historic gains.