**MARKET BRIEF: PRECIOUS METALS CORRECTION** **Historic Price Collapse** Gold and silver prices have witnessed a historic crash, snapping a record-breaking rally with unprecedented speed. **Silver** has been the hardest hit, plunging approximately **33%** in just two trading sessions. On Sunday alone, MCX Silver hit a **9%** lower circuit, dropping to **₹2,65,652** per kg and wiping out over **₹1.35 lakh** from its recent peak of **₹4 lakh**. **Gold** mirrored this severe weakness, sliding roughly **18%** from its all-time highs. Prices retreated to trade around **₹1,38,634** per 10g on the MCX, while global spot prices fell below **$4,900** per ounce. **Primary Catalysts** The sharp reversal was triggered by US President **Donald Trump’s nomination of Kevin Warsh** as the next Federal Reserve Chair. Markets interpreted this "establishment-friendly" pick as a signal of stability for the central bank's independence, causing the **US Dollar Index (DXY)** to surge above **97**. Compounding the sell-off, the **CME Group** raised margin requirements for gold and silver futures. This forced traders to unwind leveraged positions immediately, accelerating the downward momentum. **Expert Outlook** Market veterans advise against panic, characterizing the drop as a "sentiment shock" and profit-booking event rather than a fundamental story-breaker. With structural drivers like geopolitical tension and central bank buying still intact, analysts suggest viewing this deep correction as a buying window. The consensus recommendation is to adopt a **staggered buying strategy**, slowly accumulating positions as volatility settles.