Silver is on fire right now. Prices have pushed to record highs, and at the same time, U.S. Treasury yields are climbing fast. That combination has caught the attention of economist and long-time crypto critic Peter Schiff, who says this is a clear warning sign for U.S. monetary policy.
Schiff pointed out that silver is at an all-time high, while gold has surged and is sitting just below its own record. At the same time, bond yields keep rising. To him, this isn’t normal market behavior—it’s stress showing up across the system.
He says these moves are a reaction to the Federal Reserve’s recent rate cut and its return to quantitative easing. In Schiff’s view, instead of calming markets, those decisions are making investors nervous.
The price chart backs up part of that story. Data from TradingView shows silver has been in a steady uptrend for months. After moving sideways during the summer, prices started climbing in early fall. Since then, silver has kept making higher highs and higher lows, a classic sign of strength. Momentum picked up in October and November as prices broke above old resistance levels.
In December, silver briefly jumped even higher before pulling back a bit. Even so, prices are still closing near the top. What stands out most is how calm the move has been. There were no big volume spikes, suggesting this rally isn’t driven by short-term speculation but by investors slowly shifting their money.
Schiff also connected this move to what’s happening in the bond market. Rising long-term yields often signal inflation worries, tighter financial conditions, or falling trust in central bank policy. Seeing yields rise at the same time as gold and silver, he argues, sends a strong message.
According to Schiff, markets are rejecting the Fed’s latest policy choices. Instead of seeing the rate cut and renewed money printing as helpful, investors appear to be treating them as mistakes.
In his view, this isn’t a sign of easing stress—it’s a sign of monetary instability. And right now, Schiff believes both the metals market and the bond market are saying the same thing: confidence in current monetary policy is slipping, and investors are adjusting their positions because of it.
