Silver slides Rs 10k on MCX: March 2026 future prices fall nearly 3%; what’s the outlook?

Silver prices experienced a significant drop of Rs 10,000 on Thursday, with March 2026 futures plummeting. This sharp correction follows December’s record high, signaling market instability. HSBC forecasts a gradual decline in silver prices over the next few years, citing weakening industrial and jewelry demand, despite a projected deficit. Increased mining output also contributes to the bearish outlook.