After shining bright and notching life-time highs, silver prices recorded a sharp pullback on the Friday, October 17 session. On the Multi Commodity Exchange, silver futures sank nearly 10 percent from their highs. On the global front, silver tumbled six percent, giving up its all-time high of $54/oz.

Silver prices have been on a tearaway rally, soaring as the demand for the safe-haven metal jumps. Additionally, since the metal is also utilised for manufacturing purposes, the momentum has been unstoppable. This has resulted in a sharp supply constraint, adding further steam to silver's rally.

However, on Friday, the safe-haven demand for silver prices eased as trade tensions between U.S. and China softened. President Donald Trump admitted that the additional 100 percent tariffs he prop

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