Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Commodities

Gold and Silver Prices Surge! Economist Peter Schiff Predicts Further Gains

Source Tradingkey

TradingKey – As Bitcoin remains lackluster, gold and silver have exploded higher, and economist Peter Schiff anticipates their paths will continue to diverge sharply.

On Monday, September 1, during Asian trading hours, precious metals extended their winning streak. Spot gold (XAU/USD) notched a fifth consecutive day of gains. As of this writing, gold has climbed over 1% intraday to $2,482, edging closer to the April 22 record high of $3,500.

Gold price chart – Source: TradingView

Meanwhile, silver (XAG/USD) blasted through the $40 mark, setting a new all-time high. Silver jumped 1.96% today, peaking at $40.54 per ounce and currently trading around $40.47.

altText
Silver price chart – Source: TradingView

By contrast, Bitcoin (BTC) continued to weaken, slipping nearly 1% on the day and trading below $110,000 at $107,831. The striking divergence between Bitcoin and the precious metals has grabbed investors’ attention. Economist Peter Schiff commented:

“When U.S. markets open Tuesday, these two precious metals could rally further, while Bitcoin may head in the opposite direction.”

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold price holds above $3,200; bullish bias remains amid trade uncertainty Gold price (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the record high and trades comfortably above the $3,200 mark during the Asian session on Tuesday.

Author FXStreet

Apr 15, Tue

Gold price (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the record high and trades comfortably above the $3,200 mark during the Asian session on Tuesday.

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Author NewsBTC

Jul 14, Mon

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Philippines' GDP Growth Rises to 5.5% in Second Quarter of 2025 The Philippine economy expanded at a marginally faster pace in the second quarter of 2025, with GDP growing 5.5% year-on-year.

Author Mitrade

Aug 07, Thu

The Philippine economy expanded at a marginally faster pace in the second quarter of 2025, with GDP growing 5.5% year-on-year.

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

Aug 19, Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Bitcoin Slides to $111K Ahead of PCE Inflation Data, Faces Monthly Decline Bitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.

Author Mitrade

Aug 29, Fri

Bitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.

Popular Symbols