Silver prices have reached new all-time highs, drawing attention to the precious metal as U.S. bond yields continue to rise. Peter Schiff notes that silver is currently trading at its highest level ever, while gold has also increased by over $70, just about $30 shy of a new record. At the same time, U.S. Treasury bond yields are surging. Schiff points out that the 10-year yield is at 4.19%, and the 30-year yield has reached 4.85%, indicating tension in monetary policy following the Federal Reserve’s rate cuts and return to quantitative easing.
The TradingView chart shows a strong upward trend in silver prices. After a period of stability in summer, silver began to accelerate in early fall, forming higher highs and higher lows. The strong growth momentum in October and November pushed prices past previous resistance levels. In December, silver briefly surged above $64 per ounce before easing slightly, closing near $61.97. The trend remains positive, with steady price growth rather than sharp spikes driven by speculation.