New Delhi, April 3 -- MCX silver has corrected significantly from its lifetime high of Rs.4,39,337 per kg. At current levels, the white metal is down by around Rs.2,06,737, translating to a steep fall of nearly 47% from its peak. This sharp correction indicates a strong phase of profit booking and unwinding of bullish positions after last year's rally, as per experts.

Silver prices witnessed a significant sell-off on Thursday, April 2, as rising geopolitical tensions following strong statements by Donald Trump regarding Iran led to increased volatility in global markets. On the MCX, silver futures fell by 4.48%, while the May 5 contract faced an even steeper decline of 7.8%, or Rs.19,001, reaching an intraday low of Rs.2,24,500. Earlier ...