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Elon Musk warns of impact of record silver prices before China limits exports
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 restrictions on silver exports from China, which begin on 1 January, have created supply fears while geopolitical ... (full story)
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Silver futures experienced significant volatility, reaching an all-time intraday high of 82.67 before reversing sharply to the 71 level. This sentiment shift, fueled by a U.S. dollar rebound, triggered heavy selling across the metals complex, pushing Gold futures down 4% and Platinum futures down 14%. After five consecutive higher closes, the market hit a ...
From finance.yahoo.com | Dec 29, 2025
Silver retreated sharply after smashing through $80 an ounce for the first time, halting a record-breaking rally powered by Chinese speculative demand. Gold also tumbled the most in two months. The white metal fell by more than 9% in its biggest intraday decline since 2021 on Monday as technical indicators showed the rally may have run too fast, too soon. ...
The 'Fast Money' traders talk silver and gold pulling back from record highs.
