Elon Musk Warns Against December’s Silver Rally: “Not Good” for Tesla

Silver prices in the world market are rocketing. Silver, which has already reached a point beyond the reach of the common man, is reaching a daily high. The price of a kilo of silver has crossed Rs. 2.50 lakhs like never before. Tesla boss and world tycoon Elon Musk has expressed deep concern over the record rise in the white metal, which is very important for industries.

He warned that silver is very important for industrial needs, but it is not good for prices to increase at this level. He expressed his opinion on the X platform to this extent. ‘This is not good. Silver is needed for many industrial processes,’ he said in a post on his social media platform X. Currently, the price of silver in the international market is trading at $ 79 per ounce.

Silver is not only used in jewelry, but also in many industrial processes. It is especially used in the manufacture of electric vehicles, solar power panels, data centers, and electrical equipment. It is known that Musk owns an electric vehicle manufacturing company (Tesla). This seems to be the main reason behind Musk’s concern over the rise in silver prices.

Silver prices rose unusually in December. Market experts say that the main reason for this increase is that investors are shifting their investments to safer precious metals due to the possibility of the Federal Reserve cutting interest rates in 2026. Along with silver, gold prices are also rising sharply.