In light of exceptional economic circumstances, SpaceX CEO, Elon Musk took to Twitter to ââexpress his concerns over the escalated silver prices ahead of China’s new export rules. He noted, âThis is not goodâ. This economic turbulence has bearings not only on businesses but also on global economic stability.
China, a dominant player in the global silver market, is set to implement new export rules. These new regulations are causing global tremors, with the price of silver witnessing a substantial leap.
Elon Musk’s concerns are shared by many industry leaders, who fear that this huge surge in silver prices could have an adverse effect on various sectors, particularly the tech and auto industries, which heavily rely on this precious metal.
Stay tuned for further economic updates right here. Read More
Leave a Reply