China Restricts Silver Exports, Tightening Global Supply

China will require special licenses to export silver starting January 1, a move analysts warn will worsen a global shortage of the metal. The new rule, effective Thursday, mandates a two-year government license for silver exports. It also applies to tungsten and antimony. While Chinese authorities state the measure protects resources and the environment, market analysts interpret it as a signal that less metal will reach overseas buyers. This comes after weeks of significant price swings for silver. The export restriction is expected to intensify supply concerns, keeping prices volatile. The global market now faces a deeper supply crunch. Industrial users and investors are preparing for continued uncertainty as the new Chinese policy takes effect.