Bitcoin or Silver Amid Israel-Iran Tensions? Economist Peter Schiff Says Silver Has More Upside

TradingKey – As President Trump delays a potential strike on Iran, risk assets have pulled back, but economist Peter Schiff believes silver offers greater upside than Bitcoin.

On Friday, June 20, easing Middle East tensions led to continued declines in safe-haven assets like gold (XAUUSD) and silver (XAGUSD). Over the past 24 hours, gold fell 0.58% to $3,349/oz, while silver dropped more than 2% to $35/oz.

Gold Price Chart – Source: TradingView.

According to reports, President Trump has postponed a decision on whether to strike Iran, with the White House stating a final decision will be made within two weeks. This development has eased market fears of escalation, reducing demand for defensive assets.

However, Peter Schiff remains bullish on silver, stating, “Silver has massive upside potential and very limited downside risk.” He also argued that “silver’s upside far exceeds that of Bitcoin (BTC).”

Over the past year, Bitcoin has gained 60%, while silver is up around 20%. While Bitcoin may face greater downside volatility, its upside could still be supported by growing U.S. political backing and the potential passage of the GENIUS Act, which may attract more institutional capital into crypto.

Silver vs. Bitcoin Price Chart – Source: TradingView.