Silver Hits Record Highs Before Pullback Amid Strong US Dollar and Global Factors

Silver prices in India reached record highs above Rs 2.92 lakh per kg amid strong industrial demand and geopolitical tensions but retreated by over Rs 4,000 on profit booking and a stronger US dollar following robust US job data. Gold prices also eased slightly from all-time highs. Experts note ongoing volatility influenced by easing US-Iran tensions, Federal Reserve rate expectations, and global economic indicators. While silver's long-term outlook remains supported by industrial use and investment interest, some analysts caution about potential corrections ahead.