Florida Gov. Ron DeSantis (R) criticized U.S. financial coverage on Friday, attributing silver’s historic surge previous $103 per ounce to basic instability within the greenback.
DeSantis Blasts Fiat Forex System
“If the US really had a steady forex you wouldn’t see silver setting new data,” DeSantis wrote on X, responding to knowledge from Barchart displaying silver hit $103 for the primary time in historical past.
On the time Santos posted, the March 2026 silver futures contract (SIH26) reached $103.405, up 7.3%.
The assertion aligns with DeSantis’s broader financial coverage stance.
He signed laws in 2025 making gold and silver authorized tender in Florida, efficient July 1, and exempting each metals from gross sales tax.
Broader De-Dollarization Pattern
Earlier, billionaire hedge fund supervisor Kenneth Griffin expressed considerations a couple of surge in treasured metals and about buyers in search of methods to ‘successfully de-dollarize or derisk their portfolios vis-a-vis US sovereign threat,’ whereas gold advocate Peter Schiff mentioned the greenback’s decline would proceed, with treasured metals doubtlessly reaching $5,000 to $10,000 per ounce.
On Friday, March 2026 silver futures closed at $101.33, up 5.15% on the day and 9.73% over the previous 5 days, with a 52-week vary of $29.62 to $103.53.
On Friday, treasured metals ETFs noticed vital positive factors, with SPDR Gold Belief (NYSE:GLD) up 1.37%, US World GO GOLD and Valuable Steel Miners ETF (NYSE:GOAU) up 1.82%, and abrdn Bodily Silver Shares ETF (NYSE:SIVR) up 6.64%.
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