Silver has plunged 30–35% in days after a parabolic rally to record highs. Heavy profit-taking and rising market stress slammed precious metals.
⚠️ What Triggered the Drop
Macro pressure and stronger USD
Volatility around India’s Union Budget
Higher margins forcing leveraged exits
📊 ETF vs Price Shock Silver ETFs surged +37% in January, showing extreme speculative inflows — followed by a brutal sell-off. Volatility is at extremes.
📉 Spillover Impact Silver-linked stocks are bleeding. Hindustan Zinc fell ~10%, showing broader market stress.
💡 Market View Analysts call this a highly speculative zone. Swings are being driven more by positioning and liquidity than fundamentals.