Silver Prices Plunge: Experts Warn of Further Sharp Correction Amid Market Volatility

• Silver prices dropped over 3.5% below $75.50, driven by index rebalancing, market volatility, a strong US dollar, and mixed US economic data.
• Ajay Kedia forecasts silver could fall to $72 and $68 if it remains below $80, with $85 acting as strong resistance.
• HSBC deems silver "overvalued" and warns of a sharp correction due to high valuations and changing supply-demand dynamics.
• Global silver demand, boosted by clean energy sectors like solar and EVs, is expected to slow in 2026, while mine production increases.
• Concentrated investor positioning makes silver highly sensitive to interest rates, US dollar movements, and risk sentiment, increasing volatility.

Why It Matters: Silver prices are falling, with experts predicting further sharp corrections due to overvaluation and market shifts.