China is tightening controls on silver exports, affecting industries crucial to the US. Elon Musk criticized the move, calling out the importance of silver in industrial processes. The new rules, introduced in October, also impact rare metals. China exported over 4,600 tons of silver in 2025, far exceeding imports.

The EU Chamber of Commerce found members affected by Chinese export controls. The US added silver to its list of critical minerals due to its various uses. Interest in silver has surged, with Chinese companies offering above-market prices. A professor warned of economic implications as silver prices doubled in 2025.

Gold and silver prices continue to rise, with gold up over 60% and silver doubling in price. Bitcoin, often seen as an alternative to gold, was trading near $88,000. The US dollar index has fallen by nearly 9.5% in 2025, while silver prices hit a record peak above $80 an ounce before retreating to $73.

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