Silver, Gold Prices Plunge: Dollar Strength, Geopolitical Tensions Trigger Massive Fall

• Silver prices plummeted by approximately 11% and gold by 3% in a single day, reversing recent gains.
• The primary cause is the strengthening US dollar, reaching a one-month high, reducing investor interest in precious metals.
• Geopolitical tensions involving the US, Israel, and Iran, including threats to the Strait of Hormuz, add to market uncertainty.
• Experts predict high volatility for silver, with potential for safe-haven flows if tensions escalate, but limited gains if the dollar strengthens further.
• Technical analysis suggests silver could target $100-$105 if $95 is sustained, while gold aims for $5,450-$5,600 with support at $5,200.