Elon Musk cited the fear and greed index as a warning sign amid the 170% surge in silver prices this year, hitting $79 per ounce. On-chain data shows industrial demand, especially in EVs and solar, is outpacing supply. Analysts expect a 200 million-ounce deficit by 2025, with limited substitutes worsening the shortage. Silver’s market cap now tops $44 trillion, surpassing Apple.

In accordance with BlockTempo, silver prices have surged by 170% this year, reaching a record high of $79 per ounce.