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Goldman Sachs warns extreme silver price volatility likely to persist
Goldman Sachs expects extreme volatility in silver prices to persist after the metal posted an extraordinary rally in 2025, warning that thin inventories at the London bullion hub have fundamentally altered market dynamics. Silver surged around 138% last year, driven by a combination of strong private investor inflows, expectations of Federal Reserve easing, and growing demand for portfolio diversification. Goldman argues, however, that the magnitude of recent price swings cannot be explained by demand alone. Instead, the bank points to a structural liquidity squeeze in London, where global benchmark prices are set, ... (full story)