Silver prices soared to an all-time high of $79.25, driven by demand in solar panels, EVs, and AI hardware. China’s new export controls will limit silver exports, exacerbating global supply deficits. The shortage is straining inventories and affecting industries like EVs, solar, and electronics manufacturing.

With global silver supply at 1 billion ounces, deficits of 115-120 million ounces are depleting inventories. Tesla CEO Elon Musk highlighted silver’s importance in industrial processes. The shortage could impact EV, solar, and electronics manufacturing, raising costs and slowing production growth.

Rising silver prices have led some traders to consider shifting investments from silver to Bitcoin. Analysts debate whether Bitcoin or precious metals are better suited to handle rising liquidity without disrupting the economy. The comparison between silver and Bitcoin raises questions about the future of both assets.

Read more at Yahoo Finance: Elon Musk sends brutal words on silver price surge