Silver prices have seen a significant correction of 29.2% after a remarkable increase of 155.4% in the past year. Experts suggest that short-term traders should consider exiting their positions to book losses, while long-term investors are encouraged to buy silver on dips. The correction is attributed to several factors, including geopolitical tensions from the US/Israel-Iran conflict, which have pushed crude oil prices above $100, and rising inflation expectations leading to higher interest rates. Vikram Dhawan, head commodities and fund manager at Nippon India Mutual Fund, notes that a stronger US dollar and elevated interest rate expectations have negatively impacted silver's appeal as a non-yielding asset. Additionally, profit-booking by institutional investors and a decline in industrial demand, particularly from a slowing Chinese economy, have contributed to the price drop. Despite these challenges, silver remains in a long-term structural deficit, driven by rising demand from green technologies. Experts believe that if industrial demand stabilizes and interest rates peak, silver could gradually recover over the next 12-24 months. Investors are advised to stagger their purchases and avoid lump-sum investments to mitigate risks.