Silver Price Alert: Major Drop Expected in Next 3 Months, Experts Predict $40/Ounce Target!

• Silver and gold prices on MCX have seen a significant decline recently, with silver falling by ₹9,000/kg.
• International market trends, a strengthening dollar, and cautious investors are driving the fall in silver prices.
• Analysts predict silver prices could drop significantly, with major banks taking short positions in March futures.
• Daniel Ghali of TD Securities forecasts March silver futures at $78/ounce and a long-term target of $40/ounce.
• This volatility presents a potential long-term buying opportunity, but investors are advised to consult financial experts.

Why It Matters: Silver prices are projected to fall sharply in the next three months, potentially reaching $40/ounce.