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Silver Surges 108% in 2025, Peter Schiff Criticizes Bitcoin
Bitcoin vs. Silver: Recent Market Developments
- Silver has reached a historic high, surpassing $60 per ounce, marking a 108% rally in 2025.
- Peter Schiff criticizes Bitcoin's performance, noting it trades flat year-to-date compared to silver's growth.
- Schiff suggests investors consider silver over Bitcoin, forecasting silver could reach $100 in 2026.
- Silver has outperformed the S&P 500's 16.5% YTD returns by six times.
- Market cap data shows silver as the sixth-largest asset at $3.46 trillion, nearly double Bitcoin's market cap.
Bitcoin Market Update
- Bitcoin price increased by 2.5%, trading at $92,666, amid anticipation of a Fed rate cut.
- Current resistance for Bitcoin is below $94,000.
- Historically, six out of seven FOMC meetings have led to BTC price corrections.