Silver Prices Plummet in Hyderabad: Rs 20,000 Drop for 1 Kg, Global Demand Looms

• Silver prices in Hyderabad witnessed a significant drop of Rs 20,000 per kg on Thursday, now trading at Rs 3 lakh.
• This decline follows a period of soaring prices in January, where silver had crossed the Rs 4 lakh mark in the Hyderabad bullion market.
• Globally, an ounce of silver is trading below $80, with MCX silver March futures falling by almost 10% to Rs 2,42,000.
• Despite the current fall, experts predict a potential rise in silver prices in the coming days and significantly over the next five years due to increasing industrial demand from EV batteries, solar panels, and AI data centers.
• Investors are advised to exercise caution due to high market uncertainty and potential volatility from international developments and exchange margin regulations.