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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Elon Musk warns of impact of record silver prices before China limits exports

Elon Musk silver United States Gold Tony Sycamore
Elon Musk
Elon Musk posted on X: ‘This is not good. Silver is needed in many industrial processes.’ Photograph: Evelyn Hockstein/Reuters

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.

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