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via economictimes.indiatimes.comMarkets

Silver down more than 58% from February record high: what went wrong and whether it can recover

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

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. Geojits Hareesh V explains what drove the rally, why it unravelled and what…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSilver's sharp decline reflects profit-taking, weaker industrial demand and shifting macroeconomic conditions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Silver has plunged more than 58% from its February record near $120 an ounce to around $50.
  2. 02Profit-booking, weaker industrial demand and shifting macroeconomic conditions are weighing on prices.
  3. 03Geojits Hareesh V analyses what drove the rally, why it unravelled and what could shape a recovery.

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