Peter Schiff: Silver Could Break $100 Next Year Despite Volatility 🥈📈
Economist and gold advocate Peter Schiff says silver is positioned for a major breakout above $100 next year, even if the rally includes sharp but temporary pullbacks.
In a recent post on X, Schiff argued that while silver may experience corrections, it is unlikely to fall back near $50 again. He believes current macroeconomic conditions make this cycle different from past rallies.
Schiff pointed to rising federal deficits, potential rate cuts, expanded quantitative easing, and a weaker dollar as key factors that historically support gold and silver prices.
Supporters of the bullish thesis also highlight tight silver supply and growing industrial demand from solar energy, EVs, electronics, and infrastructure. However, critics warn that silver remains highly volatile and prone to deep corrections, making it risky in the short term despite strong long-term fundamentals.
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