%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Wall Street investment bank Goldman Sachs (NYSE: $GS ) says the volatility in silver's price is likely to continue throughout 2026. Commodities analysts at Goldman Sachs say that thin silver inventories will keep prices highly sensitive to flows, news, and market disruptions, increasing both upside potential and downside risks for investors. "Thinner inventories have created conditions for squeezes, where rallies accelerate as investor flows absorb remaining metal in the London vaults and reverse sharply when tightness eases," wrote Goldman Sachs in a note to clients. The analysts add that localized supply bottlenecks are keeping the silver market distorted and leading to big price swings. Silver supplies in London, England, where the global price is set, are low after much of the grey metal was moved to U.S. vaults amid concerns that the Trump administration will impose tariffs on it. Silver's historic 2025 rally, which saw the price more than double, was driven by investor inflows tied to safe-haven buying, interest rate cut expectations, and asset diversification, writes Goldman Sachs. Despite the forecast for ongoing volatility, Goldman Sachs says that investor demand for silver remains strong, noting that silver exchange-traded fund (ETF) holdings remain below their 2021 peak. Silver's (TVC: $SILVER ) price hit an all-time high of $121.67 U.S. per ounce on Jan. 29 of this year. It's currently trading at $86.78 U.S. an ounce.