On Friday, as the global cryptocurrency market cap jumped 5.4% higher against the greenback, U.S. stocks rallied toward the end of the day with the top four major stock indexes gathering gains. Precious metals also soared as the New York spot price of gold per troy ounce increased by 3.20%, and silver’s price value skyrocketed by 7.14% against the U.S. dollar. Four days ago, a blog post published on Peter Schiff’s website schiffgold.com stressed that silver typically outperforms gold and if people are bullish on gold, they “should be even more bullish on silver.”
Silver Jumps 7% Higher, Schiff Gold Report Says People Should Be ‘Even More Bullish on Silver,’ Investors Talk Silver Squeeze
Silver has been performing better than it did at the end of the summer, back when the price per troy ounce of fine silver reached $17.97 per unit on Aug. 31, 2022. At more than $20 per ounce of silver today, the precious metal has increased more than 15% against the U.S. dollar since Aug. 31
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