Silver Price Set for ‘Explosive’ Growth, Predicts Peter Schiff
Economist and gold advocate Peter Schiff is urging investors to consider silver as a strong investment opportunity with potential for significant gains.
On social media, Schiff emphasized the strength of silver, predicting an imminent “explosive move higher.” He noted that silver prices have already risen over 40 cents, surpassing $31 in early morning trading. Schiff has consistently advocated for silver alongside gold, citing its undervaluation and contrasting it with cryptocurrencies like bitcoin.
His sentiments align with other experts’ bullish forecasts, including Bank of America’s prediction of a silver price increase driven by reduced central bank interest rates and growing precious metal investments. Robert Kiyosaki, author of “Rich Dad Poor Dad,” also supports silver as a hedge against economic uncertainty, envisioning potential prices soaring to $60K if global economies falter.
Clever Robot News Desk 11st July 2024
