Elon Musk has highlighted that silver may face a short-term price decline, driven by temporary factors such as market volatility, profit-taking, and shifts in global economic conditions. However, he emphasizes that this dip should be seen as temporary, not a sign of long-term weakness. According to Musk, silver’s real strength lies in the future, as it is a critical material for electric vehicles, solar energy, batteries, and advanced technologies. With the rapid growth of renewable energy and tech-driven industries, demand for silver is expected to rise significantly, potentially pushing its value higher over time. In essence, Musk views short-term price drops as a phase before silver’s long-term strategic importance fully unfolds.
