Market Bloodbath: Prices Retreat from All-Time Highs—Is the Bull Run Over?
The precious metals market is witnessing a significant correction as both Gold and Silver have plummeted from their recent record peaks. Investors are closely watching the charts as billions in valuation have been wiped out in just a few trading sessions.
📉 The Numbers: A Deep Correction
Silver’s Freefall: After scaling mountains of ₹1,15,000+, Silver has crashed into the ₹90,000 - ₹95,000 zone—a staggering 12% to 15% drop.
Gold’s Retreat: The yellow metal has lost its luster by 8% to 10%, falling from its lifetime high of ₹82,000+ per 10 grams.
🔍 3 Critical Reasons Behind the Crash
The Dollar 'Tsunami': As the U.S. Dollar Index surges globally, gold becomes more expensive for holders of other currencies, leading to a massive sell-off in favor of the Greenback.
The China Factor: As the world’s largest consumer of industrial silver, China’s economic slowdown has dealt a heavy blow to demand, crushing silver prices.
Aggressive Profit Booking: Investors who entered the market at the ₹65,000–₹70,000 levels are now exiting to lock in massive gains, creating intense selling pressure.
💡 Investor's Corner: Is it Time to Buy?
Market analysts suggest that while the market is currently searching for a 'Support Level', we might see an additional 2-3% downside. However, for long-term investors, this correction is being viewed as a classic "Buy on Dip" opportunity.
Pro Tip: Keep a close eye on the ₹88,000 level for Silver as a potential strong psychological support.
