Silver prices have surged over 160% this year, reaching an all-time high, with recent fluctuations attributed to profit-booking. A significant factor driving market concern is China's impending restriction on silver exports starting in 2026, requiring export licenses until 2027. This policy, which could impact global supply chains as China accounts for nearly 65% of the global supply, has drawn attention from figures like Elon Musk, who highlighted silver's industrial importance amidst existing supply shortages.