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Rising silver prices threaten Pandora’s profit targets

Pandora warned that rising silver and gold prices could impact its 2026 operating profit margin target, causing shares to drop by as much as 7%. The Danish jeweler, known for its charm bracelets, maintained its 2024 operating margin goal of around 25%, but acknowledged that higher commodity prices could challenge its 2026 target of 26% to 27%. To offset this, Pandora plans to raise prices further. Despite a slight increase in Q3 operating profit, shares fell due to concerns about the rising cost of silver, which has surged from $22 to $32 per ounce since February.

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