Pandora shares surge as key raw material price falls

Pandora A/S

30/01/2026 11:38

** Shares in Danish jewellery maker Pandora PNDORA.CO rise 5%, set for their best day since May 2025

** Nordnet analyst Per Hansen links the share move to falling silver prices on Friday

** Gold prices tumbled by more than 7%, dragging lower other metals, including silver, as the dollar strengthened on the imminent appointment of a new U.S. Federal Reserve Chair

** Spot silver XAG= was down 14.1% at $99.77 an ounce after hitting a record $121.64 on Thursday

** For Pandora, best known for its charm bracelets, silver is the most used raw material and made up around 68% of the product materials sourced, according to the company's latest sustainability report

(Reporting by Izabela Niemiec and Elviira Luoma)

((izabela.niemiec@thomsonreuters.com))