The recent surge in silver prices has raised alarms among manufacturers, including tech tycoon Elon Musk, who expressed his concerns on social media platform X.

Quartz reports that silver prices have reached unprecedented levels, hitting a record high of $80 an ounce on Friday. This marks an incredible 179 percent year-to-date increase from the $29 an ounce price at the beginning of the year. The dramatic rise in silver prices has been driven by a combination of factors, including geopolitical risks prompting investors to seek safe-haven assets and expectations of a more lenient Federal Reserve policy in 2026.

However, the primary catalyst for…

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