New Delhi, Feb. 5 -- After a two-day relief rally, both silver and gold prices came under renewed selling pressure during Thursday's session on 9 February, wiping out the recent recovery. Prices were pressured by a firm US dollar, a lack of fresh triggers, and easing geopolitical tensions, which kept safe-haven metals out of investors' radar.

Following a flat close in the previous session, April futures contracts on Comex dropped $145 per ounce to the day's low of $4,805, remaining below the $5,000 mark for the fifth straight session. From the record high of $5,626, prices have corrected by nearly 14.6% over six trading sessions, including today.

Precious metals have been witnessing wild swings over the past few sessions, with gold and ...