Silver Prices Plummet: Tola at ₹1,700! International Factors Drive Dramatic Drop

• Silver prices dropped below $75.50 per ounce in international markets, falling over 3.5% in a single session.
• Factors like index rebalancing, global market fluctuations, a strengthening US dollar, and mixed US economic data are pressuring silver prices.
• Uncertainty over the Federal Reserve's interest rate policy is causing investors to reduce risk, leading to price declines.
• Kedia Advisory warns of further correction if silver stays below $80, potentially reaching $72 or $68, despite short-term safe-haven demand.
• HSBC predicts a rapid correction due to overvaluation, changing demand-supply dynamics, and increased mining production by 2026.

Why It Matters: Silver prices are falling sharply due to international market pressures and investor uncertainty, with further corrections expected.