Depends on whom you ask
Beijing made its move on October 26. Silver, along with tungsten and antimony, would now fall under strict export supervision starting November 2025. Not a quota. Not a tariff. Something much more surgical: every shipment will now need government approval.
The self-reporting system? It’s gone.
Washington is still deliberating.
The US Geological Survey published their draft proposal back in August recommending silver join the critical minerals list. It’s still pending. Still in review. Meanwhile, China’s Ministry of Commerce can now decide which silver shipments leave the country and which ones don’t. That’s not a small…
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