Silver extended its historic rally, climbing above $79 per ounce and setting a new all-time high. The sharp move caps weeks of strong momentum driven by tight supply, rising industrial demand, and growing interest in hard assets as an inflation hedge.
Elon Musk publicly commented on the surge, calling it “not good” and stressing that silver is critical for many industrial processes. The metal is a key input for electronics, solar panels, batteries, electric vehicles, and advanced manufacturing – sectors that are already under cost pressure from supply-chain constraints.
The price action has also fueled debate across financial and crypto communities. Some traders pointed out that silver’s performance over just the past month has outpaced the returns of holding Ethereum over several years, underscoring how aggressively capital has rotated into commodities.
Unlike gold, silver sits at the intersection of investment demand and real-economy usage. That dual role means sustained price increases could ripple through technology, clean energy, and automotive industries, potentially raising production costs and slowing deployment timelines.
With silver now firmly in uncharted territory, markets are watching whether industrial users begin to push back on prices or whether shortages and speculative demand will keep the rally alive.
