New Delhi, March 26 -- Silver prices in India have witnessed a sharp correction, falling over Rs.1,85,000 from their record peak, raising a key question for investors-does this steep decline present a buying opportunity or signal further downside?

The white metal has dropped nearly 44% from its all-time high of Rs.4,20,048 touched in January 2026 to around Rs.2,34,700 levels, firmly placing it in bear territory. Typically, a fall of 20% or more from recent highs is considered a bear phase, indicating a significant shift in sentiment. It has also turned negative for the year 2026 YTD.

The sharp selloff in silver prices comes amid a combination of global factors, including a strengthening US dollar, elevated crude oil prices, persistent i...