Silver Prices Crash, ETFs Plummet: What's Driving the Sharp Decline?

• Silver prices experienced a sharp decline on MCX, falling over 5,700 rupees per kilogram.
• Silver ETFs, including Tata, Nippon India, SBI, ICICI Prudential, and Kotak, saw 1% to 2% drops.
• Gold prices also fell by about 2,000 rupees per 10 grams, but Gold ETFs remained largely stable or in the green.
• Market experts attribute the decline to a stronger dollar, profit booking, and correction after recent gains.
• Silver's higher volatility is linked to its industrial demand, making it more susceptible to market shifts.