Silver made investors cry on the last day of the year, after making a record, it slipped by Rs 18 thousand.

Silver Price Crash: Before the end of the year, silver increased the tension of investors. For the past few days, silver prices have been moving like a roller coaster. Sometimes a rise, sometimes a sudden decline. On Monday, silver had made a new record. That day the price had reached around Rs 2 lakh 54 thousand per kg. People thought that now silver will go up further, but it did not happen.

Within just two days the picture changed completely. On Wednesday, the price of silver slipped to around Rs 2 lakh 32 thousand per kg. That means silver has now become cheaper by about Rs 22 thousand from the record price.

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what happened in today’s business

On December 31, silver on MCX started at around Rs 2 lakh 41 thousand per kg. Last day it had closed at around Rs 2 lakh 51 thousand. There was pressure in the market right from the beginning.

By afternoon the prices of silver fell further. At around 1.30 pm it was trading around Rs 2 lakh 37 thousand. It definitely went up to 2 lakh 42 thousand during the day, but could not stay there and slipped to near 2 lakh 32 thousand. The fall of more than Rs 18 thousand in a single day shocked investors.

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now what next

It is clear that on the last day of the year, Silver dashed the expectations. Now the discussion in the market is whether silver will recover in the new year or will have to see more ups and downs. At present investors are cautious and waiting for the next signals.

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