Peter Schiff: Silver Is Running Out — Buy Now Before There’s Nothing Left

CN
4 hours ago

Economist and gold advocate Peter Schiff shared on social media platform X on Jan. 14 that silver supplies are rapidly drying up, warning that accelerating price gains and tightening availability could soon leave buyers unable to secure metal, urging immediate action before inventories disappear.

“ Gold and silver are both at new record highs. Gold is up another $50, trading above $4,630. Silver is up a whopping $4.75, trading above $91.50,” Schiff detailed, adding:

“Silver supplies are running low. Soon there may be no inventory left to sell. Buy while you still can.”

In another post, Schiff described equity market behavior as detached from underlying conditions, writing, “Silver jumped over $5 earlier and is now up ‘only’ $3.80, yet already-cheap silver stocks sold off, and some even went negative. The sell-off means nothing, as silver is still above yesterday’s record high, and silver stocks are priced for silver that’s still under $50. Buy now!” The remarks framed silver’s rally as structurally driven rather than speculative, with price action reflecting constrained supply, rising demand, and diminishing confidence in fiat currency stability.

Read more: Silver Nears $100 on Global Shortages While Geopolitics Lift Gold Higher

Reinforcing his long-term bullish stance on silver, Schiff remarked:

“Silver is over $92 now. It won’t be under $100 for much longer.”

Responding to questions about his firm’s activity, he explained that Schiff Gold operates by purchasing wholesale metal and selling retail, clarifying that personal holdings remain untouched while customer demand dictates inventory flow. Another exchange underscored his broader monetary critique, asserting, “There is no ceiling on silver as there is no floor on the dollar.”

While Schiff predicts a “generational squeeze,” skeptics warn of a “parabolic peak.” They argue silver is overheated following its massive 2025 rally, noting that record prices often trigger a “scrap flood” of recycled jewelry that eliminates supply deficits. Furthermore, they explained that as an industrial metal, silver remains vulnerable; a global recession could crush demand for electronics, causing prices to plummet despite inflation.

  • Why does Peter Schiff say gold and silver reflect currency weakness?
    He argues record metal prices signal declining confidence in fiat currencies.
  • What is Schiff’s outlook for silver prices?
    Schiff believes silver will soon move above $100 and stay there.
  • Why does Schiff think silver mining stocks are mispriced?
    He says valuations rely on outdated price assumptions despite current demand.
  • How does Schiff view bitcoin and ethereum compared to precious metals?
    He acknowledges rising institutional interest but favors metals as currency hedges.

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