Silver prices experienced a significant intraday fall of up to Rs 10,000 on Thursday, trading below Rs 2,42,000 per kg on MCX, following a strong rally. This decline is attributed to the annual rebalancing of global commodity indexes, leading passive funds to reduce holdings, and also influenced by U.S. economic data and a firmer dollar. Gold prices also saw a dip, trading mixed with silver. Analysts suggest silver's rally may be losing steam, with HSBC warning of unsustainable levels and potential weakening industrial and jewelry demand.