📰 ET Markets ⚪ NEUTRAL 🕒 31 Oct 2026, 02:33 PM IST

Silver loses more than half its value from record high: What went wrong and will it recover?

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Core Development: Silver loses more than half its value from record high: What went wrong and will it recover?

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Market & Financial Impact: Silver has plunged more than 58% from its February record high of nearly $120 an ounce to around $50, as profit-booking, weaker industrial demand and shifting macroeconomic conditions weigh on prices. Geojit’s Hareesh V explains what drove the rally, why it unravelled and what could shape silver’s recovery.

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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Silver loses more than half its value from record high: What went wrong and will it recover?

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