Major financial institutions are flagging persistent volatility in silver markets, with sharp swings likely to continue hitting both directions. The price action suggests traders and risk-averse investors should stay vigilant. For those holding silver positions or considering exposure, wild swings are becoming the new norm—neither pure upside nor downside protection is guaranteed.

On the policy front, there's relatively limited expectation that US tariff measures will extend to silver imports. The consensus leans toward tariff policies remaining focused on other commodities, suggesting silver supply chains may avoid additional trade friction in the near term. This relative clarity offers some predictability even as price volatility persists elsewhere.