Silver’s Wild Ride: Buy Now Before It Skips Town

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Silver’s climb is as brisk as a riverboat at full steam, and twice as noisy. It’s flashing warnings louder than a tavern sign about dwindling supplies, stocks that don’t know their own price, and folks losing faith in the money that’s supposed to hold still. All this with a volatility that makes a prairie wind look calm.

Peter Schiff Warns: Silver Is Running Low and the Market Ain’t Ready

Economist and gold advocate Peter Schiff posted on the social platform X on Jan. 14 that silver’s supplies are drying up faster than a muddy hole in July, warning that prices are marching upward and inventories are thinning to the point where a buyer might have to wrestle a ghost to get a coin. His counsel? Act quick before the shelves go bare.

“ Gold and silver are both at new record highs. Gold is up another $50, trading above $4,630. Silver is up a whopping $4.75, trading above $91.50,” Schiff stated, adding:

“Silver supplies are running low. Soon there may be no inventory left to sell. Buy while you still can.”

In another missive, Schiff described the equity market’s behavior as if the whole thing were perched atop a mule wearing a hat-detached from the condition of things underneath. He wrote, “Silver jumped over $5 earlier and is now up ‘only’ $3.80, yet already-cheap silver stocks sold off, and some even went negative. The sell-off means nothing, as silver is still above yesterday’s record high, and silver stocks are priced for silver that’s still under $50. Buy now!” The remarks cast silver’s rally as something driven by a pinched supply and rising demand, with confidence in fiat money thinning faster than a pancake on a hot griddle.

Backing his long-term bullish stance on silver, Schiff observed:

“Silver is over $92 now. It won’t be under $100 for much longer.”

Asked about his firm’s doings, he explained that Schiff Gold buys wholesale metal and sells retail, noting his own holdings stay untouched while customer demand governs inventory. Another exchange floated his broader monetary critique, asserting, “There is no ceiling on silver as there is no floor on the dollar.”

While Schiff bets on a “generational squeeze,” skeptics warn of a “parabolic peak.” They argue silver’s rally could cool off after a year of excursions, noting that record prices often trigger a “scrap flood” of recycled jewelry that helps dust away supply gaps. And since silver is an industrial metal, a global recession could curb electronics demand and send prices sliding even with inflation breathing down the economy’s neck.

FAQ ⏰

  • Why does Peter Schiff say gold and silver reflect currency weakness?
    He argues record metal prices signal dwindling faith in fiat currencies. It’s as if the money in your pocket is a wooden nickel and everyone knows it.
  • What is Schiff’s outlook for silver prices?
    Schiff believes silver will soon move above $100 and stay there, like a stubborn mule at a gate.
  • Why does Schiff think silver mining stocks are mispriced?
    He says valuations rely on outdated price assumptions despite current demand. The arithmetic, says he, doesn’t always sit still for the market’s dance.
  • How does Schiff view bitcoin and ethereum compared to precious metals?
    He acknowledges rising institutional interest but favors metals as currency hedges-because nothing says “safe bet” like a shiny metal that’s been around longer than any beard on a river pilot.

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2026-01-15 06:58