Summary
- Silver hit record highs while U.S. Treasury yields surged.
- Crypto skeptic Peter Schiff says this reflects mounting stress following the Fed’s recent rate cut and renewed quantitative easing.
- Chart data shows silver’s rally has been steady and technically strong, with higher highs, higher lows, and no speculative volume spikes—supporting the view that investors are repositioning amid declining confidence in current monetary policy.
Silver prices reached record levels as U.S. bond yields continued climbing, prompting economist Peter Schiff to question the Federal Reserve’s recent monetary policy decisions.
Schiff stated that silver is trading at an all-time high, while gold has risen significantly and remains close to setting a new record. U.S. Treasury yields have moved sharply higher during the same period, according to market data.
The economist characterized the market movements as confirmation of stress in monetary policy following the Federal Reserve’s recent rate cut and return to quantitative easing, according to his public statements.
TradingView chart data shows silver prices maintained a strong uptrend over recent months. After consolidating through the summer, silver began rising in early autumn, forming a series of higher highs and higher lows. Momentum increased through October and November, pushing prices above prior resistance levels. In December, silver briefly spiked above recent highs before pulling back slightly, though the latest daily close remained elevated.
The chart indicates that price gains have been steady rather than driven by a single speculative surge, with no visible volume spikes recorded.
Schiff linked the rally in precious metals to developments in the bond market. Rising long-term yields typically reflect inflation concerns, tightening financial conditions, or declining confidence in monetary easing, according to market analysts.
The economist interpreted the simultaneous rise in yields and precious metals prices as a market rejection of the Fed’s latest policy direction. According to Schiff, the combination of higher yields alongside rising gold and silver prices signals that markets view the recent rate cut and renewed quantitative easing as policy errors rather than supportive measures.
Schiff stated that the current market conditions indicate monetary instability rather than easing financial stress. According to Schiff, the metals and bond markets are sending aligned signals about eroding confidence in current monetary policy, prompting investors to reposition their holdings accordingly.
