New Delhi, April 3 -- MCX silver declined by 4.48% on Thursday, April 2 as US President Donald Trump's strong remarks regarding Iran heightened geopolitical tensions, contributing to volatility in global markets.

Silver futures set for May 5 witnessed an even sharper decline, plummeting 7.8%, or Rs.19,001, to reach an intraday low of Rs.224,500, on Thursday.

Throughout the trading session, it also peaked at Rs.242,800, which was 0.28% lower than the previous day's closing price. Analysts predict that volatility will persist, advising investors to exercise caution, take profits during price rallies, and avoid starting new long positions at elevated price levels.

In the global market, the price of spot silver fell by USD 5.49, which is a...