Economist Peter Schiff said silver is positioned for a historic surge above $100 next year as mounting macroeconomic stress and structural supply issues reshape the market outlook.
Posting on social media platform X on December 27, Schiff argued that growing fiscal deficits, inflationary pressures and weakening currencies are creating powerful tailwinds for precious metals.
Silver can easily pull back, but it’s unlikely it gets near $50 again.
Schiff said, emphasising that any corrections would likely be temporary within a broader bullish trend.
He added that, despite expected volatility, silver prices should decisively clear the $100 level next year, calling the current setup fundamentally different from past cycles.
Schiff made the comments while responding to scepticism from a market commentator known as Finance Guy, who warned that silver’s rally could end in a sharp reversal.
The critic acknowledged upside potential but said silver could spike above $100 before correcting back towards $50, adding that gold or bitcoin may be more attractive long-term holdings.