Elon Musk on Silver: 5 Facts, Opinions, and Impact on Precious Metal Prices

Jakarta, Pintu News – Elon Musk’s name often influences financial markets whenever he expresses his opinions in public. As the CEO of Tesla and a global technology figure, his statements about assets, energy and commodities are often linked to market price movements. Silver, as an industrial metal and investment asset, has also been included in the discourse involving Musk and the electric vehicle industry.

1. Silver and the Electric Vehicle Industry

Silver plays an important role in the technology industry, including electric vehicles and solar panels. The metal is used in electronic components due to its high electrical conductivity. In this context, Tesla as an electric vehicle manufacturer certainly depends on the supply of industrial metals, including silver.

Although Elon Musk does not consistently make specific statements about silver as an investment instrument, the industrial demand for the metal is part of the technology supply chain. Demand from the renewable energy and EV sectors can have an indirect impact on global silver prices. Therefore, Tesla’s business development is often linked to the metal’s demand outlook.

Also Read: 7 Satoshi Nakamoto Facts: The Mysterious Figure Behind Bitcoin That Changed the World

2. Musk’s Statement and Market Sensitivity

Financial markets are known to be very sensitive to Elon Musk’s comments, especially on social media. His experience with Bitcoin (BTC) and Dogecoin (DOGE) shows that a single post can trigger significant volatility. While there hasn’t been an explicit Musk-like campaign for silver on crypto, market sentiment is keeping a close eye on his views on commodities.

On several occasions, Musk has emphasized the importance of raw materials to support the global energy transition. Silver falls into the category of metals relevant for clean technologies. General statements of this kind may affect investors’ perception of the long-term prospects of industrial metals.

3. Silver as an Industrial and Investment Asset

Unlike gold, which is more dominant as a hedge asset, silver has two main characteristics: a safe haven asset and an industrial commodity. This makes the price of silver more volatile than gold. When industrial demand increases, silver prices can be pushed up even though global economic conditions have not fully recovered.

Elon Musk is better known for discussing technology and energy innovation than precious metals investment. However, the relationship between the expansion of the tech industry and the need for raw materials such as silver creates an indirect correlation. Investors often associate the growth of large tech companies with a potential rise in demand for industrial metals.

4. Indirect Impact to Silver Price

Any significant developments in the electric vehicle or renewable energy industries have the potential to affect silver prices. If Tesla or similar companies increase production, the demand for conductive materials may increase. Higher demand from the industrial sector usually supports prices in the medium to long term.

However, silver prices are also influenced by macroeconomic factors such as inflation, interest rates, and movements in the US Dollar. Therefore, while Elon Musk’s opinions may shape sentiment, price movements are still determined by a combination of fundamental and technical factors. Investors need to distinguish between short-term sentiment and structural trends.

5. Investor Perspective on Silver

For investors, silver can be a diversified portfolio instrument, especially in times of economic uncertainty. Its higher volatility compared to gold presents both opportunities and risks. Therefore, an approach based on fundamental analysis and risk management is still required.

Elon Musk’s comments or business direction can be an indicator of sentiment towards the technology and energy sectors. However, silver investment decisions should not be based solely on the opinions of public figures. Evaluation of industrial demand, monetary policy, and global conditions remain key factors in determining the price direction of the precious metal.

Overall, Elon Musk is not directly promoting silver as an investment instrument, but his industrial activities have implications for the demand for the metal. This relationship is structural and long-term, not just a short-term market reaction. Investors are advised to understand the industry and economic context before making any silver investment decisions.

Tokenized Silver ETF (SLVon) as an Alternative Commodity Asset in the Crypto Ecosystem

The tokenized Silver ETF (SLVon) is a digital token issued by Ondo Global Markets and designed to follow the price movements of the iShares Silver Trust (SLV), the world’s largest silver ETF managed by BlackRock.

Also Read: 5 AI Perspectives: Will XRP Fall Below $1 in February 2026?

Each SLVon has the equivalent value of an SLV share (1:1), so its price moves up and down according to the global silver price in troy ounces. Through SLVon, investors can gain exposure to the silver market on-chain in the form of an easily accessible digital asset.

Follow us on Google News to stay up to date with the latest crypto and blockchain technology. Check Bitcoin price, USDT to IDR and Nvidia stock price tokenized via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

Quartz/The Times of India. ‘This is not good’, says Elon Musk as silver prices soar ahead of China’s new export rules.