Silver prices in India have experienced a sharp correction, falling significantly from recent record highs to around Rs 2,37,000-2,38,000 per kg on MCX. Experts attribute this pullback to factors like higher margin requirements, forced selling, tax harvesting, and thin liquidity, rather than a fundamental downtrend. Despite the volatility, analysts suggest the market structure remains constructive, with potential for a rebound if prices sustain above Rs 2,36,000.