Spot Silver Prices Volatile, Losses Narrow After 7% Plunge, Has Safe-Haven and Industrial Narrative Failed?

Spot Silver prices experienced significant volatility, with intraday losses reaching 7% before narrowing to $85.8 per ounce. The fluctuations are attributed to geopolitical tensions and supply chain uncertainties. While silver's safe-haven status remains intact, its market dynamics differ from gold, leading to short-term pressures. Industrial demand for silver in sectors like photovoltaics and electric vehicles is strong, but short-term price surges may be limited. Investors should be cautious of potential corrections if risk premiums decrease and industrial demand does not accelerate, especially with the US dollar's ongoing recovery.