Economist and gold advocate Peter Schiff shared on social media platform X this week that silver’s breakout to record highs marks a powerful bull market move driven by inflation risks and growing investor demand for hard assets.
He detailed on Dec. 12:
Silver is at a record high, gold is up over $70, less than $30 away from hitting a new record high.
“Yields on long-term Treasuries are rising. The 10-year yields 4.19% and the 30-year yields 4.85%. This confirms that the Fed’s recent rate cut and return to QE are policy mistakes,” the economist said. Schiff tied silver’s surge directly to the Federal Reserve’s Dec. 10 decision to cut its benchmark interest rate by 25 basis points to a range of 3.5% to 3.75% and to end quantitative tightening, arguing that the shift would fuel inflation and accelerate capital flows into tangible stores of value. Emphasizing momentum, he added: “Now that QE is back, gold and silver are off to the races.”
Read more: Silver Breaks Record Prices in Historic Cup and Handle Event
Schiff continued to frame silver as the clear beneficiary of the Fed’s pivot, contrasting its strength with broader market signals. He wrote: “The Fed’s return to QE launched an exodus out of dollars into gold and silver. But there was no exodus into bitcoin, which sold off even more than the dollar.”
As of writing, long-term Treasury yields had pushed higher, with the 10-year U.S. Treasury note yielding about 4.186%, up roughly 0.045 percentage points on the day, and the 30-year bond yielding about 4.849%, up about 0.059 percentage points, reinforcing Schiff’s view that bond investors are demanding higher compensation amid inflation concerns. Pointing to silver’s sustained upside and accelerating demand, Schiff summed up his outlook succinctly, stating:
The silver train can’t be stopped.
He has repeatedly argued that silver’s combination of monetary history, constrained supply, and industrial use positions it for continued gains as confidence in fiat policy erodes.
- Why does Peter Schiff believe silver is entering a bull market?
He argues the Fed’s rate cut and return to QE are driving inflation fears and demand for hard assets like silver. - How did the Federal Reserve’s December decision impact silver prices?
The Fed’s rate cut and end of quantitative tightening coincided with silver breaking out to record highs. - What role do Treasury yields play in Schiff’s silver outlook?
Rising long-term Treasury yields signal inflation risk and weakening confidence in monetary policy. - Why does Schiff favor silver over Bitcoin after the Fed pivot?
He says capital flowed into gold and silver, while Bitcoin sold off alongside the dollar.
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