Silver futures experienced a dramatic intraday drop of Rs 21,000 per kg, falling from a record high to Rs 2,33,120. Zerodha CEO Nithin Kamath highlighted the event to stress the importance of position sizing and risk management for traders. Analysts cited profit booking, easing geopolitical tensions, and a margin hike by the Chicago Mercantile Exchange as contributing factors to the sharp reversal after silver's significant year-to-date gains.