China Export Limits and Fed Cuts Outlook Send Silver to $79, Musk Cautions
Elon Musk warned that record silver prices driven by China’s export restrictions and Fed rate-cut expectations could harm manufacturers reliant on its industrial applications. Silver jumped to $79 an ounce from $29 at the start of 2025, marking a 170% year-to-date rally fueled by supply fears and strong investment demand.
Related News
CRM
Salesforce Faces Competition from Nvidia’s $200B AI CPU, Nasdaq Rally
CRM•
GS
Goldman Sachs to Lead $1.75 Trillion SpaceX IPO With $1.45B Bitcoin Disclosure
GS•
EXR
Extra Space Storage Adds Retail and Tech Executives with 850-Unit Chain, Ex-Matterport CEO to Board
EXR•
ING
ING-backed euro stablecoin consortium grows to 37 banks, eyes H2 launch
ING•
LCLN
Lincoln International Debuts 12.6% Up, Valued at $2.3 Billion After $421M IPO
LCLN•
Sources
BCT