Gold and dollars, step aside. A new rival is in town.
Silver has been steadily making headlines in the past couple of days. At press time on Dec. 26, the price of per ounce of silver had climbed 8.27% in the past 24 hours and was trading at $77.86.
Analysts are predicting that the dominance of the dollar has an incoming threat, not from gold or Bitcoin (BTC), but silver instead.
Silver, gold, and the dollar crisis
Silver’s growth has been steady. In the past 30 days, it had climbed up by 34.68% while in the past year, it clocked a 70.83% increase.
Comparatively, the price of per ounce of gold had increased only 7.78% in the past 30 days and 36.78% in the past year.
“The 2025 rally in precious metals marks the beginning of a deep, structural shift in the international monetary system, from a U.S.-centric framework toward a more multipolar order,” Ramnivas Mundada, director of economic research and companies at GlobalData, told Forbes.
He predicted gold and silver will add another 8% to 15% and 20% to 35%, respectively, through 2026.
“The move appears to reflect more than a typical safe-haven bid; it represents a strategic response by institutions and investors to rising geopolitical instability, a slowing U.S. economy, ongoing trade frictions, and the accelerating trend toward de-dollarization.”
Rich Dad Poor Dad author Robert Kiyosaki also weighed in on whether it was too late to jump into the silver bandwagon.
“It depends. If you think silver is at an all time high then you’re too late. I believe silver is just getting started and I believe $70- $200 silver could be an outside reality in 2026.”
Gold bull Peter Schiff, however, reiterated gold’s dominance. He posted on X,
“King dollar’s reign is coming to an end. Gold will take the throne as the primary central bank reserve asset. That means the U.S. dollar will crash against other fiat currencies, and America’s free ride on the global gravy train will end. Prepare for a historic economic collapse.”
Is silver the new threat to Bitcoin?
Until recently, Bitcoin’s dominance was experiencing a threat from gold. Now silver is catching up in the race.
Bitcoin has had a good start to the year, quickly crossing the $100,000 mark and staying perched above it until April, when it fell close to $76,000.
It made a long journey uphill, back to the $100,000 mark. By October first week, it climbed to an all-time high of $126,000.
