International News
Silver Could Fall Further After Latest Slump, Say Analysts
Silver’s Breakneck 2025 Rally Has Created The Conditions For Demand Destruction
Silver’s breakneck 2025 rally has created the conditions for demand destruction among buyers of the precious metal, according to analysts, who say prices could fall even further from last year’s highs.
The metal’s wide range of industrial purposes means it is more sensitive to the economic cycle than gold, as an essential component in a variety of goods, from computers and mobile phones to solar panels and cars.
Silver price gains of around 140% last year have been deterring buyers in various industries and its elevated price levels are beginning to weigh on demand, UBS said in a note published on May 22.
Unlike gold, which benefits from robust central bank buying, silver lacks this strategic demand anchor and remains absent from official sector reserves. As a result, silver is more vulnerable to shifts in private investment and industrial demand, and is likely to lag gold.
UBS believes the current investment case does not sufficiently reward investors for the associated volatility and, as such, it remains an “unappealing” position for them.
Prices have recovered ground since hitting a 2026 low of $67.60 on March 20, but remain well below levels prior to the Iran war.
Both spot silver and silver futures rose in May to trade at around $87 an ounce on May 14, before another selloff saw prices consolidate around the $75-78 mark over the past two weeks.
International News
Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover
The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold
Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.
The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.



The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.
Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.
Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.
With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.
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