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Silver Hits Record High on Reports of Chinese Export Licensing

Elon Musk warns the reported curbs could strain industrial supply.

Overview

  • Social‑media posts shared by Jesse Peltan cite Bull Theory saying China would require export licenses for silver starting Jan. 1, 2026.
  • Chinese authorities have not confirmed the licensing move, leaving the report unverified.
  • Spot silver touched about $79.16 per ounce after a roughly 10% jump, setting a new all‑time high.
  • Musk responded, calling the development "not good" and noting silver’s role in many industrial processes.
  • Analysts quoted by Benzinga say tight physical markets and a structural supply crunch could drive further gains and disrupt supply chains for electronics, medicine, and renewable energy.