Peter Schiff Warns Bitcoin as Silver Soars Past $79, Fueling Commodity Shift

Veteran economist Peter Schiff has issued a renewed warning about Bitcoin following a dramatic surge in silver prices, suggesting the cryptocurrency could face a sharply different outcome compared to the precious metal’s rally. Schiff argued that while silver is accelerating upward, Bitcoin may experience a faster downside move, as market declines often unfold more rapidly under pressure.

His comments came after silver prices jumped more than 10% in a single trading session, briefly pushing above $79 per ounce for the first time. Market data showed silver rising from $78 to $79 in roughly 90 minutes, drawing global attention. A TradingView chart highlighted a near-vertical breakout, confirming silver’s strong momentum after months of steady gains.

The silver rally has reinforced broader investor interest in commodities and alternative assets. This trend is also visible in the growth of tokenized commodities, whose combined market valuation has climbed toward $4 billion. Investors appear increasingly eager to gain exposure to hard assets as inflation concerns and macro uncertainty persist.

According to CompaniesMarketCap data, silver has significantly narrowed the gap with NVIDIA in total market capitalization, underlining renewed institutional demand and growing confidence in commodities. At the same time, Bitcoin has struggled to show similar momentum, trading near $87,000 with only modest intraday gains. CoinMarketCap data showed limited upward movement across major cryptocurrencies.

Adding to the debate, analyst Ted Pillows shared a chart indicating that silver’s monthly RSI has reached its highest level in 45 years, signaling extreme momentum and raising sustainability concerns. Another chart comparing Bitcoin and silver shows Bitcoin giving back relative gains accumulated since 2017, highlighting silver’s recent outperformance.

Despite short-term weakness, long-term Bitcoin narratives remain intact. With silver near $80, a silver-to-Bitcoin valuation model suggests Bitcoin’s trend value could approach $394,000. Institutional interest also remains strong, as the BlackRock Bitcoin ETF ranks among the leading ETFs in 2025. However, analysts caution that if Bitcoin closes 2025 in the red, it could challenge the traditional post-halving cycle narrative and signal a potential structural shift in the market.