
Silver prices experienced a significant sell-off on Wednesday, with COMEX silver dropping over 9% and MCX silver falling by over 19,000 per kg. This follows a sharp decline, the worst one-day fall in five years, after a strong rebound. Market experts suggest the rally is structural, driven by industrial users and long-term investors, though a bottom is not yet identified. Volatility is expected to continue this week due to market holidays, with a clearer picture anticipated next Monday.
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