Silver Prices Plummet: Rs 1,45,000/kg Drop, Huge Losses for Hasty Buyers

• MCX silver prices dropped by almost 45% from their peak, with a Rs 1,45,000 per kg fall in just 9 days.
• Indian market saw silver fall from Rs 4,25,000 to Rs 2,80,000 per kg between January 29 and February 6.
• Akshat Garg of Choice Wealth attributes the fall to rapid price increase, strengthening dollar, and decreased global risk appetite.
• Silver is inherently more volatile than gold, and its small market amplifies downward trends during selling.
• Experts advise long-term investors not to panic, emphasizing patience and discipline, while short-term traders need risk management.