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Sharp drops for big technology companies are yanking the U.S. stock market lower on Thursday, while prices for bitcoin, silver and gold weaken. Yields are also sinking in the bond market following discouraging news on the U.S. job market. Alphabet was one of the heaviest weights on the market and
MCX Silver Crashes 45% From Top: Is It Right Time To Buy? Experts Analyse Price Fall
MCX Silver Crashes 45% From Top: Is It Right Time To Buy? Experts Analyse Price Fall
After witnessing a sharp one-way rally in the past few months, silver has come under heavy selloff, and its prices have crashed over 45 per cent from its all-time high of Rs 4,20,000 witnessed on January 29 on the MCX. According to experts, there is no need for panic as sharp ups and downs in silver are part of the journey, and they advise investors not to chase prices or react to day-to-day price moves.
Silver prices on Friday opened at nearly Rs 2,30,000 per kg on the MCX, which was nearly 6% lower compared with the previous close of about Rs 2,43,000.
Akshat Garg, head (research and product) of Choice Wealth, said, “Silver has come off mainly because it had run up too fast in a short period. Over the past year, prices had moved sharply higher and a lot of optimistic positioning had already been built in. When markets are stretched like that, even small changes in global cues can trigger a correction."
Right now, a slightly stronger dollar and some cooling in global risk appetite are prompting investors to cut exposure to volatile assets. Silver, by nature, reacts more sharply than gold. It is a smaller and thinner market, so when selling starts, the fall looks steeper," he added
“Silver ETFs feel the impact immediately because they track spot prices closely. During such phases, short-term selling and lower liquidity can make ETF prices look even weaker. This is more about price adjustment and profit-booking than any sudden deterioration in silver's fundamentals," Garg said.
What Should Investors Do?
Garg said there is no need for panic. Silver is a volatile asset, and sharp ups and downs are part of the journey. One correction does not change the long-term relevance of silver, but it does remind investors why position sizing matters. Investors should avoid chasing prices or reacting to day-to-day moves. Silver works best as a small, supporting allocation in a portfolio, not as a core holding. If someone wants exposure, staggered buying is a far more sensible approach than lump-sum investing, especially in a volatile phase like this.
“For short-term traders, risk management is key. For long-term investors, this phase is about patience and discipline rather than action. The current fall is driven more by market positioning and global macro adjustments, not by a breakdown in the silver story," he added.
Ponmudi R, CEO of Enrich Money, said, “MCX Silver futures are trading near Rs 2,30,000-Rs 2,50,000 after correcting sharply from record highs around Rs 4,20,000. Despite the steep pullback, the long-term bullish structure remains intact. The Rs 2,25,000-Rs 2,60,000 zone continues to act as a strong demand base. A sustained recovery from this area could open upside toward Rs 3,00,000-Rs 3,25,000 in the coming periods. Dips toward support remain accumulation-friendly for positional traders, while a decisive breakdown could extend the corrective phase."
Silver ETFs Lead Losses On Friday
Silver and gold-linked commodity ETFs extended their slide on Friday, falling as much as 10%, tracking a sharp drop in precious metal futures on the MCX for the second straight session.
Kotak Silver ETF was the worst hit, tumbling 10%, while HDFC Silver ETF, SBI Silver ETF and Edelweiss Silver ETF declined about 9% each. Bandhan Silver ETF limited losses to around 6%.
Among gold-linked funds, Angel One Gold ETF slipped 8%, while Zerodha Gold ETF fell about 5%.
Source: News18
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