Economist and gold advocate Peter Schiff has urged investors to buy silver, predicting an imminent surge in its price.

He noted on social media that silver prices have already risen significantly, surpassing $31.

Schiff has consistently promoted silver as an investment, emphasising its undervaluation and historical peaks at $50.

He believes silver will soon see $50 as a floor price.

Supporting this bullish outlook, Bank of America forecasts a rise in silver prices into 2025, driven by expected pauses in central bank rate hikes and increased investment in precious metals.

Peter Krauth and Robert Kiyosaki also predict significant growth in silver demand and prices due to various economic factors.