Silver Prices Skyrocket, Elon Musk Warns

Silver prices skyrocket, hitting record highs of eighty dollars an ounce, a one hundred seventy-nine percent increase from the start of the year. Elon Musk warns of potential trouble ahead. Geopolitical tensions and Federal Reserve easing bets drive demand, while Chinas new export restrictions on silver exacerbate supply worries. Silvers crucial role in solar panels, electric vehicles, and electronics could lead to industry squeezes if prices stay high. Gold also had a strong year, climbing over seventy percent. Buyers now pay a seven percent premium for immediate silver delivery, indicating tight market conditions. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.