Elon Musk Warns on Silver Surge as Prices Break a New All-Time High
Silver prices have surged to a new record above $79 per ounce, drawing attention not only from investors but also from industrial leaders like Elon Musk.
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Silver prices have surged to a new record above $79 per ounce, drawing attention not only from investors but also from industrial leaders like Elon Musk.
Spot silver climbed to $70 per ounce for the first time ever, extending a powerful rally driven by supply shortages, strong investment demand, and spillover momentum from gold.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.
Spot silver prices surged past $49 per ounce on Wednesday, reaching levels not seen since April 2011 and renewed interest in precious metals markets.