Institution: The price of silver may fluctuate significantly this year.

Alexandra Symeonidi from William Blair & Company stated in a report that silver prices may experience significant fluctuations this year. On Friday, along with the sharp drop in gold prices, the price of this grey metal also fell by more than 30%. The analyst noted that the metal continues to face liquidity challenges, and market supply and demand conditions suggest that silver will experience shortages this year. She stated that speculative positions have also decreased, indicating that this is unlikely to be the driving factor behind the recent increase in silver prices. However, Symeonidi added that industrial demand, which accounts for about 60% of total silver demand, is weak, and silver prices have still risen since the beginning of the year. She further added that as a result, volatility in silver and even in the broader metal markets may continue to exist.