From safe haven to sell-off: Silver prices crash 6% today as US-Iran war spook investors: Key levels to watch

The sharp decline in precious metals, often seen as a hedge against inflation and uncertainty, suggests a significant shift in investor sentiment towards risk aversion. This could lead to capital reallocation from commodities to other asset classes or safe-haven currencies.

• •MCX silver prices fell 6% today.
• •Gold prices also declined by 5%.
• •The fall is attributed to rising geopolitical tensions (US-Iran war spooking investors) and global market instability.
• •Higher oil prices and shifting interest rate expectations are also influencing the decline in precious metals.
• •Risk flag: Sudden de-escalation of geopolitical tensions could trigger a rebound.