Silver is currently very volatile in the market. At the end of January, it shot up to $121 per ounce – a new all-time high, everyone is bullish. Then: a crash of over 30% in nearly 30 hours. I haven't seen anything like this in a long time. The reason? New Fed leadership = strong dollar expected = silver becomes more expensive for international buyers. Now it’s back around $83.

But here’s the interesting part: there are real reasons why silver prices could explode. The market has been running a deficit for 5 years – demand significantly exceeds supply. Solar industry, electric vehicles, AI infrastructure – all need massive amounts of silver. Mine production, on the other hand, is stagnating. According to the Silver Institute, industrial demand is expected to continue growing strongly until 2030. Analysts are deeply divided: Citigroup predicts $150, others expect $50. Goldman Sachs warns of extreme volatility.

Physical demand from Asia is currently extremely high – in Hong Kong, silver bars were sometimes sold out within hours. Some investors see this as the next big move. Whether silver prices will explode now depends on the dollar and geopolitical tensions. Exciting times in the precious metals market.