Peter Schiff has renewed attention after silver surged while bitcoin (CRYPTO:BTC) failed to break higher.
Schiff has long argued that precious metals would outperform cryptocurrencies during periods of monetary stress.
Recent market moves have given partial weight to Schiff’s long-standing silver versus bitcoin thesis.
Silver prices pushed decisively above the $100 mark despite intermittent sell-offs during the week.
March silver futures climbed more than 50% year to date before easing from intraday highs.
Prices briefly touched levels above $111 before stabilising near $108 in late trading.
Market participants described the silver move as a near-vertical rally by historical standards.
Shanghai markets continued to price silver at a premium, with levels reported near $130.
Traders cited persistent physical demand and supply tightness as key drivers of the rally.
Gold, another asset favoured by Schiff, also extended its historic bull run this month.
March gold futures crossed $5,000 for the first time, reaching highs above $5,090.