<h1>Record silver price surge increases market volatility, prompting potential manipulation probes, disclosure reviews, and adviser suitability checks under Rule 10b-5</h1> Rapid, record-setting increases in domestic and global silver prices heightened market volatility and raise potential legal and regulatory concerns, including market manipulation probes, disclosure obligations for dealers, and suitability duties for financial advisers amid increased retail participation. Volatility linked to macroeconomic developments (anticipated interest-rate cuts, government shutdowns) and structural supply deficits could prompt scrutiny by securities and commodities regulators regarding trading practices, inventory reporting, import/export compliance, and anti-hoarding rules. Firms handling precious metals should reassess risk disclosures, margin requirements, and compliance with consumer protection and commodity trading laws.