Silver Price Crash: Gold and silver prices have been fluctuating continuously. Price of silver had reached an all-time high, crossing the ₹2.50 lakh per kilogram mark, while the price of gold also increased rapidly. However, today, on Multi Commodity Exchange (MCX), country’s futures market, the price of silver plummeted by ₹21,000 in a single day.
This morning, when the market opened, silver was trading above ₹2.50 lakh, leading to predictions that price would rise further. However, due to three major reasons, the price of silver has fallen. Let’s find out in detail what current price of silver is and whether it will reach ₹2 lakh again.
Silver Price Crash
Silver prices have broken all records in 2025. Due to a massive surge in prices, silver reached ₹2,54,174 per kilogram this morning, according to the Multi Commodity Exchange. However, just three hours later, the price of silver plummeted by ₹21,000 in a single stroke and is now trading at approximately ₹2,33,120 per kilogram. Silver prices have given a return of almost 175 percent this year, and those who invested in gold have also benefited significantly. Let’s look at the main reasons for today’s decline in silver prices.
Gold Silver Rate Crash
Silver prices witnessed a massive surge. Globally, silver crossed $80 per ounce for the first time. Amidst the ongoing fierce war between Russia and Ukraine, Trump made several significant efforts, and a meeting between Trump and Zelenskyy also took place today, which caused the price of silver to fall below $75 per ounce.
Silver Price Down Reason
- During a high-level meeting with Trump and Ukrainian President Volodymyr Zelenskyy, it was stated that a peace agreement to end the Russia-Ukraine war was very close. Discussions about a potential ceasefire between Russia and Ukraine led to a decline in silver prices.
- The pressure on silver prices began to increase. Investors started taking profits at higher levels, which resulted in a drop in silver prices.
- Silver is primarily used in industrial applications, and economic data from China and Europe also put pressure on several metals, causing the cluster of precious metals to dim.
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