NEW YORK — Silver prices have shown resilience in 2026, trading around $32.50 per ounce in early June, as strong industrial demand from solar energy, electronics and electric vehicles supports the metal even as macroeconomic headwinds create uncertainty for investors deciding whether to buy or sell.

Silver’s unique position as both a precious metal safe-haven and a critical industrial commodity makes its outlook more complex than gold’s. While gold benefits primarily from monetary and geopolitical factors, silver’s price is heavily influenced by manufacturing cycles, particularly in green technology sectors that are expanding rapidly.

Industrial demand accounts for more than half of annual silver consumption. The solar photovoltaic sector alone consumed record volumes in 2025 and is projected to grow further in 2026 as governments push renewable energy targets. Silver is essential in solar panel manufacturing due to its superior electrical conductivity. Similarly, demand from 5G infrastructure, semiconductors and electric vehicle components continues to rise, creating a structural tailwind that many analysts view as sustainable.

Supply constraints add to the bullish case. Mine production has struggled to keep pace with demand, with several major projects facing delays or higher costs. Recycling provides some offset, but primary supply growth remains limited. This imbalance has led several investment banks to forecast higher average prices for the remainder of 2026, with some targets reaching $35 to $40 per ounce in optimistic scenarios.

However, risks remain significant. A stronger U.S. dollar, driven by resilient economic data and cautious Federal Reserve policy, typically pressures silver prices by making the metal more expensive for foreign buyers. Higher real interest rates also increase the opportunity cost of holding non-yielding assets like silver. These factors have contributed to periodic pullbacks despite strong fundamentals.

Investment demand adds another layer of volatility. Silver ETFs and physical bar and coin buying tend to rise during periods of economic uncertainty or inflation fears but can fade quickly when risk appetite improves. Speculative positioning in futures markets has swung between net long and short in recent months, amplifying price movements.

For investors considering buying silver in 2026, the industrial growth story offers compelling long-term support. Exposure through ETFs like the iShares Silver Trust or physical holdings can provide portfolio diversification and inflation protection. Companies involved in silver mining, such as Pan American Silver or Hecla Mining, offer leveraged plays on price appreciation, though they carry operational and jurisdictional risks.

Those leaning toward selling or avoiding new positions cite elevated valuations relative to historical averages and potential economic slowdown risks. A recession scenario could reduce industrial offtake, particularly in construction and consumer electronics. Additionally, substitution efforts in some manufacturing processes may cap upside potential over time.

Analysts remain divided. Bullish voices highlight silver’s role in the energy transition, noting that global solar capacity additions are accelerating. Bearish perspectives focus on macroeconomic variables and the metal’s correlation with broader risk assets. Many recommend a tactical approach: adding on dips for long-term holders while remaining cautious on short-term timing.

The current environment features several crosscurrents. Central bank gold buying has indirectly supported silver sentiment, as investors often view the two metals together. Geopolitical tensions continue providing a floor, while technological breakthroughs in solar efficiency could either increase or decrease per-unit silver usage depending on industry developments.

Silver’s dual nature requires investors to monitor both monetary policy and industrial trends. Strong U.S. jobs data and sticky inflation have kept rate cut expectations modest, pressuring precious metals broadly. At the same time, manufacturing PMI readings in key economies show expansion in technology and renewable sectors, supporting silver’s industrial component.

Portfolio allocation strategies vary. Conservative investors may limit silver to 5% or less of total assets for diversification. More aggressive portfolios, particularly those focused on commodities and resources, might allocate higher weights when prices correct. Dollar-cost averaging can help manage volatility in either case.

Tax and storage considerations matter for physical silver buyers. ETFs offer convenience and liquidity but carry management fees. Mining stocks provide operational leverage but introduce company-specific risks including labor issues and regulatory changes.

Technical analysis shows silver trading in a broad range between $28 and $35 in 2026 so far. Breaks above key resistance could signal stronger momentum if industrial data remains robust. Support levels around recent lows would likely attract buying interest from value-oriented investors.

Broader commodity markets provide context. Gold’s performance has been relatively stronger due to its pure monetary characteristics, while industrial metals like copper have shown mixed results based on growth expectations. Silver often trades between these two poles, reflecting its hybrid status.

Looking ahead through the remainder of 2026, key catalysts include solar installation rates, electric vehicle sales data, central bank decisions and geopolitical developments. Earnings from major silver miners will also influence sentiment, particularly commentary on production guidance and costs.

Many experts suggest a neutral to mildly bullish stance for silver over the medium term. Industrial demand provides a solid foundation, but macroeconomic risks warrant caution on aggressive positioning. Diversification across precious metals and resources can help balance these factors.

For retail investors, silver offers an accessible entry into commodities through various vehicles. Understanding the metal’s dual drivers is essential for informed decision-making. Those with high conviction in the green energy transition may favor buying on weakness, while others may prefer waiting for clearer macroeconomic signals.

The silver market in 2026 reflects broader tensions between long-term structural trends and short-term cyclical pressures. As the year progresses, resolution of these forces will determine whether the metal rewards bulls or validates bears.

Ultimately, the decision to buy or sell silver depends on individual risk tolerance, time horizon and views on global growth and monetary policy. While industrial demand supports optimism, investors must remain vigilant to shifting macro conditions that can quickly alter the metal’s trajectory.

Florence Parly

[Interpreted] Ladies and gentlemen, dear shareholders. First of all, I would like to thank you for being here today, and I would like to welcome you to this annual meeting, which is very important for us and that you’re all expecting.

This general meeting holds a very special significance for me today. This is, in fact, the first time that I have the honor of chairing it as Chair of the Board of Directors of Air France-KLM. It is a great honor, and I fully appreciate the responsibility that has been entrusted to me. I would like to once again express my gratitude to Anne-Marie Couderc for all the work that she’s accomplished during her 7 years as Chair of the group, particularly during periods of unprecedented turbulence. It’s a strong group, united and resilient, that she contributed to build, and I am committed to continuing to grow it.

The year 2025 was a remarkable year, marked by successes and landmark milestones for Air France-KLM, whose results reflect the progress achieved, thanks to the exceptional dedication of all of our teams. Our revenue increased by 4.9% compared to 2024, and our operating income reached EUR 2 billion with an operating margin of 6.1%. We achieved this performance together, thanks to all our business segments, passenger transport, cargo transport and our aircraft maintenance business.

Last year, Air France-KLM and Transavia carried more than 100 million passengers. In cargo, the Air France-KLM Martinair Cargo teams successfully met the strong demand on key routes, particularly between Asia and Europe. And in

Neathwolborn Mr Rhodes has joined new strategic advisory firm to the gambling sector Hawkbridge

Former chief executive of regulator the Gambling Commission, Andrew Rhodes, has taken up a new consultancy role.

Neath born Mr Rhodes, who spent 20 years in senior public sector leadership roles, as well as being a former registrar and chief of operating of Swansea University, has joined Hawkbridge – a recently formed strategic firm to the gambling sector. He joins the London-based firm as a principal consultant.

At Hawkbridge he will advise clients on international regulatory strategy, government and regulatory engagement, governance and operational standards.

Mr Rhodes served as chief executive of the Gambling Commission of Great Britain from June 2021 until April this year. During his tenure he led the commission through the implementation of the Gambling Act Review and the award of the Fourth National Lottery licence.

He said: “The next five years will be more consequential for gambling regulation than we have seen in many years, and even more so than I saw as chief executive of the Gambling Commission in the previous five years. This brings uncharted challenges for boards, investors and leaders.

“I have decided to join the founders of Hawkbridge for a simple reason: there has rarely been a single source of regulatory, commercial and operational advice at such a senior and experienced level available to the sector. The best counsel draws on every vantage point, operator, adviser and regulator alike, which is why I am so pleased to bring my own experience to Hawkbridge.”

Bahar Alaeddini, co-founder of Hawkbridge, said: “Hawkbridge was established to give operators, suppliers, investors and boards sharp, pragmatic counsel on the questions that sit above legal advice and beyond commercial diligence. Andrew’s appointment strengthens that offering.”

Senior civil servant roles held by Mr Rhodes included being director general, operations, at the Department of Work and Pensions, where he led a team of more than 72,000 staff.

He was also chief operating officer of the Food Standards Agency. He chairs the charitable foundation of football club Swansea City.

SAN ANTONIO — The New York Knicks erased a 14-point deficit and held off a late Spurs rally to defeat the San Antonio Spurs 105-95 on Wednesday night, taking a 1-0 lead in the 2026 NBA Finals with a gritty road victory that showcased their resilience and clutch execution.

Jalen Brunson led the Knicks with 30 points, joining Willis Reed as the only players in franchise history to score 30 or more in a Game 1 of the NBA Finals. Despite suffering a knee injury in the first quarter and later having his ankle stepped on, Brunson delivered 13 points in the fourth quarter, including a crucial high-arcing jumper with 37 seconds remaining that helped seal the win.

“I’ll be all right,” Brunson told ESPN after the game.

The Knicks extended their postseason winning streak to 12 games and improved to 7-1 on the road in these playoffs. They outscored San Antonio 11-0 in the final minutes to pull away after the Spurs had briefly regained the lead at 95-94 with two minutes left.

Victor Wembanyama paced the Spurs with 26 points and 12 rebounds but struggled with his shot, making just 6 of 21 field goal attempts, including 2 of 9 from three-point range. He added six turnovers in a performance he openly critiqued afterward.

“I’m gonna figure it out,” Wembanyama said. “I mean, I was bad tonight. It’s not more complicated than that.”

Spurs coach Mitch Johnson described Brunson as a “tremendous player” after the game, acknowledging the guard’s ability to elevate his team despite physical setbacks.

The Spurs led by as many as 14 points in the third quarter, capitalizing on strong interior play and transition opportunities while Wembanyama was on the floor. However, New York responded aggressively once the rookie phenom rested, attacking the rim repeatedly and exploiting the absence of his rim-protecting presence.

Karl-Anthony Towns contributed 17 points and 12 rebounds for the Knicks, scoring 10 of his points in the third quarter to help flip the momentum. Josh Hart provided valuable energy off the bench with 15 rebounds and strong defensive contributions, helping New York outscore San Antonio by 22 points during his 27 minutes on the court.

The victory marked a significant statement for the Knicks, who entered the series as underdogs against a young, athletic Spurs team featuring Wembanyama and a deep supporting cast. New York’s ability to overcome injuries and a double-digit deficit on the road demonstrated the mental toughness that carried them through the Eastern Conference playoffs.

San Antonio’s bench struggled mightily, with Dylan Harper scoring 16 points but the rest of the reserves combining for just four points. This lack of secondary scoring proved costly as the game tightened in the fourth quarter.

The matchup revived memories of the 1999 NBA Finals between these same two franchises, when the Spurs defeated the Knicks in five games for their first championship. This 2026 series features much younger rosters and a faster pace, highlighting how the league has evolved over nearly three decades.

Brunson’s performance under duress was particularly impressive. After leaving briefly following the knee collision with Harrison Barnes and later dealing with the ankle issue, he returned to dominate the decisive stretch. His leadership and scoring punch proved decisive as the Knicks committed just one turnover in the second half.

For the Spurs, the loss highlighted areas needing improvement despite their strong regular season and Western Conference playoff run. Wembanyama’s efficiency issues and the team’s reliance on him for rim protection were exposed when the Knicks adjusted their attack. Coach Johnson will likely emphasize better ball movement and defensive rotations in preparation for Game 2 on Friday.

The Knicks’ defensive intensity in the final quarter limited San Antonio to just six points in the last five minutes. Their ability to force turnovers and convert at the rim shifted momentum decisively after the Spurs had briefly seized control late in regulation.

New York’s road success this postseason has been remarkable. Winning seven of eight away games demonstrates their preparedness for hostile environments and ability to execute under pressure. The atmosphere at the Frost Bank Center was electric, but the Knicks remained composed throughout the critical moments.

Towns’ versatility proved valuable, particularly his ability to stretch the floor and create opportunities for teammates. His double-double performance complemented Brunson’s scoring and helped control the glass against a lengthy Spurs frontcourt.

As the series shifts to Game 2, both teams will make adjustments. The Spurs must find ways to improve Wembanyama’s efficiency and generate more production from their supporting cast. The Knicks will focus on maintaining health for Brunson and sustaining their defensive intensity over longer stretches.

The 2026 NBA Finals represent a clash of contrasting styles. San Antonio relies on youth, athleticism and the generational talent of Wembanyama. New York counters with veteran savvy, defensive discipline and the clutch reliability of Brunson.

Brunson’s ability to perform while physically compromised added to his growing reputation as one of the league’s premier leaders. His 30-point effort in Game 1 sets a high standard as the series moves forward.

For the Spurs, the loss stings but provides valuable information for the remainder of the series. Their youth and inexperience at this stage showed at times, but their competitive spirit and ability to mount comebacks remain assets.

NBA analysts described the Game 1 outcome as a reminder that playoff series are marathons rather than sprints. While the Knicks seized the early advantage, the Spurs have the talent and home-court support to respond strongly in Game 2.

The series continues Friday night in San Antonio, with the Knicks aiming to build a 2-0 lead and the Spurs looking to even the series before it shifts to New York. Both teams will study film intensely, searching for small edges in what promises to be a hard-fought battle for the Larry O’Brien Trophy.

The Knicks’ road victory sets an intriguing tone for the 2026 Finals. Their ability to overcome adversity and execute in crucial moments may prove decisive as the series unfolds. For now, New York holds the momentum after a hard-fought opening win on the road.

The company registered 157 electric buses during the month, the highest among all industry players—marking a sharp rise in market share from 33% in April 2026. This performance underscores JBM Auto’s strong execution capabilities and the increasing adoption of its electric mobility solutions across the country.

In an exchange filing, the company highlighted that it has successfully retained its leadership position after recording the highest electric bus registrations in FY26. The latest numbers were further boosted by the inclusion of Telangana’s vehicle registration data into the Vahan portal from May 2026, providing a more comprehensive snapshot of nationwide electric bus deployments.

JBM Auto’s growth is backed by its advanced manufacturing ecosystem, which focuses on developing high-strength, lightweight electric bus platforms designed for sustainable public transportation. The company continues to leverage global technologies to deliver reliable and scalable electric mobility solutions.

Commenting on the achievement, Nishant Arya, Vice Chairman and Managing Director of JBM Auto, said that the company’s growth reflects its commitment to decarbonising public transport while aligning with global sustainability benchmarks.

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Adding to its credentials, JBM Auto operates the world’s largest dedicated integrated electric bus manufacturing facility outside China, located in the NCR region, with an annual production capacity of 20,000 buses. The company’s electric fleet has collectively clocked over 400 million e-kilometres, transported more than one billion passengers, and helped avoid over one billion kilograms of CO₂ emissions to date.

Strong stock performance

JBM Auto has rewarded shareholders handsomely over the long term. The stock has surged nearly 32% over the past three months and delivered an extraordinary return of 678% in the last five years.
Currently, the company commands a market capitalisation of Rs 15,827 crore and is trading below its 52-week high of Rs 790.

Valuation and Technical Outlook

On the valuation front, JBM Auto trades at a Price-to-Earnings (P/E) ratio of 72.34 and a Price-to-Book (P/B) ratio of 9.94.From a technical perspective, the stock continues to display bullish momentum. Its 14-day Relative Strength Index (RSI) stands at 61.2, indicating healthy strength while remaining below the overbought zone of 70. Additionally, the stock is trading above all 8 of its key Simple Moving Averages (SMAs), signalling a strong uptrend and sustained buying interest among investors.

With leadership in the electric bus segment, expanding market share, and strong technical indicators, JBM Auto remains a stock that investors are closely tracking in India’s fast-evolving EV ecosystem.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)