[Silver Price Plummets Below $80 Amid Inflation Signals Pressuring Safe-Haven Assets] According to a report by Jinse Finance, on May 16, silver experienced another week of extreme volatility, with prices ultimately plunging sharply below $80 per ounce, bringing another round of intense fluctuations to one of the most turbulent markets of the year. During the week ending Wednesday, silver prices surged by as much as 11.3%, driven by investor enthusiasm for AI-related stocks and industrial metals used in data center power systems, wiring, and cooling. On Monday, speculation regarding fuel supplies in Peru, a major silver-producing country, also pushed prices higher. Subsequently, more signs of escalating inflation due to the Iran war led investors to demand higher yields from government bonds, causing silver prices to retreat. Higher borrowing costs are a bearish factor for silver, which typically does not pay interest. HSBC's Chief Precious Metals Analyst James stated: 'We still believe silver is fundamentally overvalued, and at high prices, demand for silver in the jewelry and industrial sectors will continue to weaken.'