Elon Musk has issued a stark warning about surging silver prices as the precious metal hit a record £58 ($76.37) per ounce on 27 December, just days before China imposes sweeping export restrictions.
The Tesla chief executive responded to concerns about global silver shortages on X, stating bluntly that the situation is problematic because silver is essential in numerous industrial processes, according to Benzinga. His comments came as silver prices jumped 10.21 per cent overnight, marking the metal's best year since 1979.
