Elon Musk warns of impact of record silver prices before China limits exports
The Guardian·2025-12-28 23:24
A surge in the price of silver to record highs this month has prompted a warning from Elon Musk that manufacturers could suffer the consequences.Silver has risen sharply during December, part of a precious metals rally that also pushed gold and platinum to record levels on Boxing Day.Analysts have attributed the jump in prices to expectations of US interest rate cuts by the Federal Reserve in 2026, leading to increased demand for hard assets that protect against inflation and currency debasement.New restric ...