Silver Plunges Rs 21,000 After Hitting Record High

Silver prices on the Multi Commodity Exchange (MCX) witnessed a dramatic crash, plummeting by Rs 21,000 per kilogram within an hour on Monday, December 29, 2025. This sharp decline followed an unprecedented surge that saw the white metal touch a lifetime high of Rs 2,54,174 per kg. The volatility was influenced by profit-taking and easing geopolitical tensions.

• MCX Silver March futures crashed Rs 21,000/kg in just one hour.
• Silver hit a record high of Rs 2,54,174/kg before the sharp correction.
• Global silver prices also showed volatility, briefly exceeding $80/ounce.
• Profit-taking and progress in US-Ukraine peace talks triggered the fall.
• An increase in margin requirements by CME also contributed to the sell-off.
• Analysts expect continued volatility despite a broadly positive long-term outlook.

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