Silver Prices Crash to Intraday Low Amid Profit Booking and Dollar Firmness

Silver prices experienced a significant crash to an intraday low of Rs 2.40 lakh per kilogram on Monday before recovering slightly, struggling to hold Rs 2.41 lakh.

This domestic weakness in silver came despite firmer international spot prices, a divergence that traders attribute to profit booking after recent sharp gains and the firm dollar and crude oil backdrop that weighed on gold.

The same global cues that moved Indian equities on Monday are being tracked by Univest's commodities desk, which is watching the US dollar index, US bond yield, and crude oil prices as they affect this Silver price prediction for tomorrow.