Ron DeSantis Blames Dollar Instability As Silver Hits Record Highs: If The US Had A 'Stable Currency' Silver Wouldn't Set New Records
Mohd Haider
Mon, January 26, 2026 at 5:46 AM EST
2 min read
In this article:
Florida Gov. Ron DeSantis (R) criticized U.S. monetary policy on Friday, attributing silver’s historic surge past $103 per ounce to fundamental instability in the dollar.
DeSantis Blasts Fiat Currency System
“If the US actually had a stable currency you wouldn’t see silver setting new records,” DeSantis wrote on X, responding to data from Barchart showing silver hit $103 for the first time in history.
At the time Santos posted, the March 2026 silver futures contract (SIH26) reached $103.405, up 7.3%.
If the US actually had a stable currency you wouldn't see silver setting new records. https://t.co/sTplzeT4xk
Don't Miss:
-
Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share
-
Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early
The statement aligns with DeSantis’s broader monetary policy stance.
Prediction Market powered by
He signed legislation in 2025 making gold and silver legal tender in Florida, effective July 1, and exempting both metals from sales tax.
Broader De-Dollarization Trend
Earlier, billionaire hedge fund manager Kenneth Griffin expressed concerns about a surge in precious metals and about investors seeking ways to ‘effectively de-dollarize or derisk their portfolios vis-a-vis US sovereign risk,’ while gold advocate Peter Schiff said the dollar's decline would continue, with precious metals potentially reaching $5,000 to $10,000 per ounce.
See Also: Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom
On Friday, March 2026 silver futures closed at $101.33, up 5.15% on the day and 9.73% over the past five days, with a 52-week range of $29.62 to $103.53.
On Friday, precious metals ETFs saw significant gains, with SPDR Gold Trust (NYSE:GLD) up 1.37%, US Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU) up 1.82%, and abrdn Physical Silver Shares ETF (NYSE:SIVR) up 6.64%.
Read Next:
-
Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen
Photo Courtesy: Andrew Cline on Shutterstock.com
UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Get the latest stock analysis from Benzinga:
This article Ron DeSantis Blames Dollar Instability As Silver Hits Record Highs: If The US Had A 'Stable Currency' Silver Wouldn't Set New Records originally appeared on Benzinga.com
View Comments