Silver price crashes over 50% from peak, falls below $60 an ounce; Can MCX silver rate fall below ₹2,00,000 per kg?

Silver prices have crashed approximately 53% from their all-time high of $121.78 per ounce recorded in January 2026, now trading below $60 an ounce. The sharp correction has erased more than half of silver's value from peak levels. The piece questions whether MCX silver rates could fall below 2,00,000 rupees per kg amid the ongoing downturn.