Strong Fundamentals and Technicals Send Gold and Silver to Record Highs

Gold and silver just posted historic record highs, and Wall Street is still asleep. In this week’s Schiff Gold Friday Market Wrap, Peter Schiff breaks down the biggest one-day dollar rally in gold history, silver’s surge above $90 an ounce, and why recent volatility is consolidation at extreme highs — not a top.

Peter explains why:

• Gold and silver are flashing early warnings of a coming U.S. dollar and Treasury bond crisis
• Mining stocks remain dramatically undervalued despite exploding metal prices
• Inflation is accelerating again while the Fed talks about rate cuts
• Rising Japanese bond yields threaten global bond markets
• Trump-era policies are unintentionally pushing the world away from the dollar and into gold
• CPI headlines are misleading while producer inflation is surging
• This moment mirrors subprime in 2007 — an early signal before a much larger crisis

Gold is reacting first. Silver followed. Bonds and the dollar are next.

Peter also explains why waiting for pullbacks is a mistake, why physical silver supplies may tighten sharply, and why this bull market is just getting started.

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The above references an opinion and is for information purposes only. It is not intended to be investment advice.