Silver Prices Plunge Amid Global Market Uncertainty
Silver witnessed its steepest single-day fall since 2021 when prices dropped over 8% to USD 48.11 per ounce on 21 October 2025, reversing sharply from the lifetime high of USD 54.47 recorded just four days earlier. In India, the correction translated into a sudden decline of ₹8,100 per kg, pushing domestic prices to around ₹1,63,900 per kg. The fall highlights the deep volatility in global bullion markets and the speed with which speculative uptrends can unwind.
The crash occurred after months of extraordinary price escalation: silver had surged nearly 67.55% in 2025 and touched an all-time peak owing to heightened industrial demand, supply constraints, and sustained investor interest. Global supply remained insufficient, with demand projected to exceed 1.2 billion ounces against mine output of about
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