Silver, he added, was also close to a record high at just under $51. Schiff described gold’s performance as proof that it remains a more reliable store of value. At the same time, he noted that the crypto market’s recent bounce does not represent genuine strength but a short-term recovery due to traders trying to capitalize on volatility.
He further observed that as of Monday morning, Gold had surpassed $4,080 while Silver broke $51.60, both achieving new highs. Bitcoin, in contrast, “managed a dead cat bounce,” he said, adding that it remains down about 25% when priced in gold since its August peak.
At the time of writing, Gold is trading at $4,120, having reached a new all-time high of $4,179 in the past 24 hours. Silver is trading at $52, having also reached a new all-time high of $53.51 in the past 24 hours. Bitcoin, on the other hand, is trading around $112,050, up from its weekend low of $101,000 but down about 11% from its October 6 high of $126,080.
