Why Did Silver Fall ₹31,000 in a Day? 5 Major Reasons Explained
Silver Price: Silver prices witnessed a sharp fall on Monday, with MCX silver declining by nearly ₹31,000 per kilogram. The drop came amid heavy profit-booking by investors. Earlier in the session, silver had touched a record high of ₹2,54,174 per kilogram, before sliding to ₹2,22,504.
A similar trend was seen in the global market as well. On Monday, silver briefly crossed the $80-per-ounce mark for the first time, but failed to hold onto those gains. By around 9 PM, prices had fallen more than 10 percent to $71 an ounce.
Despite the sharp correction, silver has delivered a stunning performance in 2025, rising by nearly 181 percent so far and significantly outperforming gold. This strong rally has been driven by several key factors, including silver’s designation as a critical mineral in the US, constrained supply, steadily declining inventories, rising industrial demand, and robust investor interest.
This morning, silver prices reached near record levels. On the MCX exchange, prices touched approximately ₹2.54 lakh per kilogram. When a commodity reaches such highs, investors naturally begin to book profits. That’s exactly what happened today.
As investors started taking profits, heavy selling ensued, resulting in a sharp decline of about ₹21,000 per kilogram in a single day.
