After weeks of a relentless rally, silver prices finally lost steam, witnessing a sharp pullback on Friday, October 17. On the Multi Commodity Exchange (MCX), silver futures plunged nearly 10% from a lifetime high of Rs 1,70,415 per kg to an intraday low of Rs 1,53,700, before recovering slightly to close at Rs 1,57,300. Globally, the metal slipped 6%, from $54 to $51.5 per ounce, halting what had been its strongest rally in more than a decade. Advertisement

The sudden fall followed signs of easing U.S.-China trade tensions, which reduced safe-haven demand and triggered profit-booking among traders. On Monday, October 20, silver steadied at around ₹1,56,755 per kg (approximately $52 per ounce), still down about 8% from its record high. Despite the correction, the broader market tone rema

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