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fromwww.theguardian.com
3 weeks ago

Elon Musk warns manufacturers could suffer consequences of surge in price of silver

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 restrictions on silver exports from China, which begin on 1 January, have created supply fears while geopolitical worries have lifted demand for safe-haven assets.
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