Invesco world market strategist Brian Levitt discusses the important thing market drivers for 2026 and divulges the single-best funding for the brand new yr on ‘Barron’s Roundtable.’
Tesla CEO Elon Musk is elevating alarm over surging silver costs as China prepares to impose new export restrictions on the dear metallic.
Musk responded to a publish on his X social media platform that famous China will start requiring authorities licenses for firms to export silver from the nation beginning on January 1.
“This isn’t good. Silver is required in lots of industrial processes,” the Tesla CEO mentioned.
Silver costs have surged to file excessive costs this yr after it was designated a important mineral by the U.S. authorities amid provide shortages and rising demand from industrial customers in addition to buyers. The metallic is utilized in a wide range of industries, together with electronics, drugs and renewable vitality.
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Tesla CEO Elon Musk warned China’s silver export restrictions might pose an issue for industries counting on it as an enter. (Chesnot/Getty Photographs / Getty Photographs)
Silver costs have risen over 142% in 2025 as of Monday after starting the yr at just below $30 an oz. iShares Silver Belief, the most important alternate traded fund tied to silver, has mirrored the positive aspects of the metallic.
Spot silver costs briefly touched an all-time excessive of $83.62 an oz throughout Monday’s buying and selling session earlier than they fell to $75.32.
“This morning’s value decline, which follows file highs, is attributable primarily to merchants taking earnings forward of the year-end,” mentioned ActivTrades analyst Ricardo Evangelista. “Tentative optimism from the U.S. administration concerning progress within the Ukraine peace talks additionally represents a light headwind.”
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Silver costs surged to file highs however have slipped on year-end profit-taking. (Michael M. Santiago/Getty Photographs / Getty Photographs)
David Meger, director of metals buying and selling at Excessive Ridge Futures, famous the profit-taking is driving the pullbacks from “spectacularly excessive ranges” and added that, “I imagine that the underlying fundamentals of (silver) provide constraints stay elements available in the market, and we nonetheless have optimistic prospects going into 2026.”
Treasured metals like silver and gold are additionally contributing to the S&P 500’s rise to new highs because the calendar is about to show to the brand new yr.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| GLD | SPDR GOLD SHARES TRUST – USD ACC | 399.02 | +0.45 | +0.11% |
| SLV | ISHARES SILVER TRUST – USD ACC | 65.40 | -5.72 | -8.04% |
| SPY | SPDR S&P 500 ETF TRUST – USD DIS | 680.59 | +4.12 | +0.61% |
SILVER SURPASSES $50 AN OUNCE FOR FIRST TIME AMID GEOPOLITICAL, ECONOMIC UNCERTAINTY
Silver costs have surged amid rising demand and provide challenges. (Getty Photographs / Getty Photographs)
“If shares are going to shut out one other yr of double-digit positive aspects on a excessive notice, they will probably have to do a lot of the heavy lifting,” mentioned Chris Larkin, managing director of buying and selling and investing at E*Commerce from Morgan Stanley. “However valuable metals may additionally play a key position.”
“Mining shares have been a giant a part of the S&P 500’s drive to new highs final week, and so they’ve been monitoring the record-setting rallies in metals. If gold and silver shut out 2025 at file highs, the S&P 500 could have a greater likelihood of doing the identical,” Larkin defined.
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Reuters contributed to this report.
