In the real world, where physical silver is bought, sold, delivered and used in industrial plants, silver prices aren’t crashed by the government, to bail out Big Banks who made bad, speculative trades.

 

China to restrict silver exports, echoing rare earths playbook

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Evelyn Cheng@IN/EVELYN-CHENG-53B23624@CHENGEVELYN
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KEY POINTS
  • New Chinese policies restricting silver exports are set to kick in Thursday as Beijing tightens its grip on the metal.
  • State-run Securities Times on Tuesday cited an unnamed industry insider who said the new export controls place it on the same regulatory footing as rare earths. 
  • Silver prices have surged as investors hedge against a weakening U.S. dollar, while prices on the COMEX have been depressed.

  • BEIJING — China is set to tighten controls on silver exports from Thursday, expanding restrictions on the once-ordinary metal critical to the U.S. industry and defense supply chains.

    Tesla CEO Elon Musk criticized the move over the weekend on his social media platform X, responding to a post about the upcoming restrictions. 

    “This is not good. Silver is needed in many industrial processes,” Musk wrote.

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