Shares of Pandora, the world's largest jewelry company, fell 9% on Tuesday after analysts warned of upcoming difficulties amid silver price volatility, downgrading their recommendation from 'buy' to 'hold'. In a note released on Tuesday, Jefferies analysts said the real reason for the decline lies in the silver price and long-term hesitation to invest in the company's shares. The note added: 'Increasing consumer dissatisfaction and rising metal prices have put Pandora in a difficult position.' This means that even if silver prices stabilize and the stock price rises driven by momentum in the jewelry sector, investors' return to the market will be slow, and the price will remain much lower than it was a year ago.
