Overview
- Spot prices recovered to roughly $73 an ounce after the biggest one‑day drop in over five years, retreating from a record near $84 reached Monday, according to Reuters.
- CME/Comex increased margin requirements on some silver futures, prompting traders to trim positions and reinforcing the pullback, NDTV reported.
- Social‑media posts claimed China will require government licenses for silver exports starting Jan. 1, 2026, a development not confirmed by Chinese authorities, per InvestingLive.
- Elon Musk cautioned that restricting exports is “not good,” noting silver’s critical role in electronics, EVs and renewable energy, as reported by Benzinga.
- Despite the setback, silver is still up about 150% in 2025, supported by tight inventories, strong ETF and central‑bank demand, and Fed rate cuts, Reuters and InvestingLive reported.