The Global X Silver Miners ETF (NYSEARCA:SIL) offers exposure to silver mining companies, but the fund's current dividend profile raises serious questions about income sustainability.
Pandora, the world's largest jewelry brand, said Wednesday it would pivot to producing platinum jewelry as the price of silver has risen. The company cited “volatility in global commodity markets,” saying it plans to “reduce its reliance on sterling silver.
Silver futures fell as much as 13% late Wednesday as volatility in the precious metals complex continued.
Pandora, the world's largest jeweler by volume, rose in morning trading after the company addressed investor concerns about its reliance on silver.
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound. The metal had been on a record-breaking spree before crashing almost 30% last Friday.
A more than 30% one-day drop in silver late last week pulled prices for the metal into a bear market for the first time since 2022.
The boom in the precious metal, interrupted by Friday's plunge, fueled a frenzy among refiners and caused major pain for companies that need the stuff.
Cryptocurrencies sank on Saturday, with bitcoin falling below $78,000. The slide follows the recent strength in the U.S. dollar following President Donald Trump's selection of Kevin Warsh as his choice for the next Federal Reserve chairman.
Silver's plunge on Friday put the the metal on track to suffer its worst daily drop since 2011, in a move that one strategist referred to as “every man and his dog rushing for the exit.”
Price pullbacks in gold and silver are being treated as opportunities — and that says a lot about investor confidence.
Silver prices were falling Tuesday, while gold has maintained its run. Liquidity could hold the answer.
Silver traders: Welcome to your meme-stock moment.