Silver rate today drops 2% as US dollar rises; down from ₹1.68 lakh peak, what’s ahead?

The silver rate witnessed a sharp decline of nearly 2% today, reflecting growing pressure from a rising US dollar and shifting global market sentiment. After touching a recent high of around ₹1.68 lakh per kilogram in Indian markets, prices have now corrected as investors reassess economic data and currency trends. This move is not random. It follows a clear pattern seen across global commodity markets where a strong dollar often weakens precious metals.