Silver tops $80, then plunges as Musk flags China export curbs and CME tightens trading rules
Silver plunged 9.5% to $71.66 an ounce Monday after hitting a record $83.62, erasing a year-end surge. Traders cited profit-taking and higher margin requirements following sharp volatility. Elon Musk noted reports that China will require export licenses for silver from Jan. 1, intensifying supply concerns. Spot gold and platinum also fell.