Silver price today, Jan. 30 -- Silver prices crashed on Friday, January 30 declining 6% as a firmer US dollar weighed on sentiment, even as the metal remained on course for a historic month.

On MCX, Silver price fell 6% or to Rs.3,75,900 after hitting a record high of Rs.4,20,048/kg in the previous session (January 29). It is now down 10% or over Rs.44,000 from its record high.

Globally, Spot silver slipped 0.2% to $115.83 an ounce after touching a fresh all-time high of $121.64 on Thursday. The white metal has surged about 62% so far this month, putting it on track for its strongest monthly performance on record.

The pause in the rally today came on the back of the dollar index inching higher, finding support after the US Federal Rese...