Silver shattered the $100 barrier this week, hitting an all-time high. China's export restrictions, short squeezes, and geopolitical tensions all fueled the rally. If the pace holds, it could become the century's most explosive asset run. A correction is inevitable, but silver bulls are convinced the move is far from over.
Silver Breaks $100: China's Curbs and Short Squeeze in Play
Since President Donald Trump began his second term last January, the white metal has surged over 200%. Persistent refinery bottlenecks and deepening supply shortages have underpinned the rally. Most investors initially doubted such a surge, but reality has outstripped expectations.
Peter Schiff: Time to Swap Bitcoin for Silver
Peter Schiff, known as the "Gold Bug," weighed in:
"Silver's price has exceeded $100. In December 2024, while HODLers celebrated Bitcoin reaching $100,000, they should have traded their Bitcoin for silver. Had they done so, they would have nearly quadrupled their money by today. The good news is that it's not too late to make that trade." A vocal crypto critic, Schiff expects silver's rise to continue.
Analysts See Silver Heading to Four Digits
In 2026, with silver already up 40% this year, some foresee even greater peaks. Analyst GodsBurnt said he had waited 30 years for this moment, consistently accumulating silver, and predicts it will eventually reach four-digit levels. Clayton Morris believes the surge is more than a rally: "For the first time, silver has reached $100 per ounce. The unipolar world order has ended; bringing metal production back to the country is now a national security priority. I hope people pay attention."
Shanghai-Comex Spread Points to $111 Target
TFMetals highlighted the anomaly: Shanghai closed at $111 on Friday while Comex silver remained under $100. The gap is driving catch-up buying, with the next target likely $111. Analysts note that Shanghai's premium signals strong Asian physical demand, while Comex paper silver remains underpriced. Convergence will drive silver higher.
(Disclaimer: This article is based on public market data and does not constitute investment advice. Both cryptocurrencies and precious metals are highly volatile; invest with caution.)