Silver breaks $80 as Musk warns manufacturers face fallout from soaring metal prices
Silver surged above $80 an ounce for the first time, Bloomberg reported, capping a record six-day rally. Tesla CEO Elon Musk warned manufacturers could be hit by the spike, citing silver’s role in industrial production. Analysts pointed to looming China export restrictions and expectations of U.S. rate cuts in 2026 as key factors. Gold and platinum also reached record highs this week, the Guardian said.