Silver price volatility has hit a record high since 2025, disrupting operations for many industrial silver users, amid factors including geopolitical uncertainty, shifting expectations for global monetary policy, and changes in supply-demand fundamentals, according to 36Kr. After visiting multiple companies, 36Kr reported that some leading photovoltaic silver-paste manufacturers and upstream suppliers in China have started setting up dedicated futures and options trading teams to hedge silver price exposure in production and operations, and to participate in futures delivery to lock in forward physical silver supply.