Silver Prices Plummet: Major Shock for Buyers, Further Decline Predicted

• Silver and gold prices have significantly dropped on MCX, influenced by international markets and a strong dollar.
• Silver prices fell by approximately Rs. 9,000 per kilogram on MCX; gold dropped Rs. 1,370 per 10 grams.
• Analysts predict further silver price declines, with some major banks targeting $40 per ounce in the long term.
• Factors like COMEX index rebalancing and potential release of US silver inventories could add pressure.
• Retail buyers are advised caution, to wait, and consult financial experts before investing due to market volatility.

Why It Matters: Silver prices are plummeting with further drops predicted, urging investors to exercise caution and seek expert advice.