Silver prices experienced a significant decline on December 30th, following a sharp surge that reached a lifetime high. This drop, attributed to profit-taking and eased geopolitical tensions, saw prices fall by approximately 18,000 per kilogram in India. The volatility was exacerbated by CME's decision to increase margin requirements, forcing leveraged traders to reduce exposure. Analysts suggest near-term consolidation between Rs 2,23,000 and Rs 2,37,000 per kg, with underlying support from industrial demand and supply constraints.