For years, silver has been known as the "poor man’s gold," but could it be on the verge of a massive breakout? In 2011, when the Federal Reserve ramped up quantitative easing and investors flooded into precious metals, gold soared to nearly $2,000 an ounce, while silver skyrocketed to $50. Fast forward to today, and gold has smashed past its previous highs—yet silver remains far below its peak.
So, why the lag? And more importantly, could silver soon catch up, break past $50, and never look back? Renowned economist and market analyst Peter Schiff believes that silver is not just undervalued, it’s primed for a major move. According to Schiff, once silver crosses the critical $50 threshold, it won’t just inch higher, it could blast through like a hot knife through butter, potentially doubling to $100 in a short period, especially if gold continues its rally toward $3,200 or beyond.
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Credit: Commodity Culture
SILVER Could Easily Go to $100 From Here and That's STILL Too Cheap: Peter Schiff
https://www.youtube.com/watch?v=SlbGe3vskK0
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