Silver prices on the Multi Commodity Exchange (MCX) in India fell to ₹2,37,100 per kg, marking a decline of 1.17%. The metal's trading session saw volatility, with an opening at ₹2,35,850 and an intraday high of ₹2,37,589. Experts attribute the price drop to weaker safe-haven demand amid fragile ceasefire negotiations and a firm US dollar. In the physical market, silver prices are approximately ₹255,000 per kg. Analysts note that macroeconomic indicators remain unfavorable, with a strong dollar and high US yields exerting pressure on precious metals. A rebound in oil prices and rising bond yields have also contributed to the current market dynamics. Technical analysis suggests immediate resistance at ₹2,46,500 and support at ₹2,36,000. Jigar Trivedi, Senior Research Analyst at IndusInd Securities, recommends a sell-on-rise strategy for investors below ₹2,40,000, targeting lower levels of ₹2,36,000 and ₹2,34,500.