Peter Schiff Says ‘This Train Has Left the Station’ as Silver Surges to 13-Year Highs: ‘There’s No Stopping It’
Silver stocks rallied hard on Thursday as the precious metal extended gains to hit levels last seen in late 2012.
While silver (SIN25) hasn’t been able to keep up with its larger peer – gold (GCM25) – its price, nonetheless, is up more than 100% versus the low in June 2022, basis July futures, at the time of writing.
Still, veteran investor Peter Schiff believes the precious metal and, therefore, silver mining stocks, could push gain in the second half of this year.
Why Have Silver Prices Been on a Tear in 2025?
Silver prices have been ripping to the upside in 2025 partially because the precious metal is a key component of solar panels, electric vehicles, and semiconductors – industries that have been growing rather aggressively in recent months.
Additionally, heightened geopolitical tensions and lingering economic uncertainty, most of which is attributed to the U.S.-led tariff war, have driven investors toward safe-haven assets, with silver offering a more affordable alternative to gold.
Finally, silver has recently had a breakout above key technical levels that has triggered momentum-based buying from hedge funds and retail investors alike.
Schiff Says Silver Is Still Very Cheap
Referring to silver in his recent X post, Peter Schiff said “this train has left the station and there’s no stopping it!”
Schiff’s remarks reflect his belief that the momentum in silver prices and, by extension, in silver mining stocks, is both powerful and sustainable – at least in the near term.
He continues to see silver as “very cheap” at current levels and forecasts a continued rally in the precious metal, which could help the likes of Endeavour Silver (EXK) print new, multi-year highs in the second half of 2025. Investors should note that Schiff has previously posted on social media about Endeavor saying, “Buy the miners!”
Should You Buy Endeavour Silver Stock?
What’s also worth mentioning is that Wall Street remains bullish as ever on Endeavour Silver stock as well.
Despite a massive run in recent months, the consensus rating on EXK shares sits at “Strong Buy” with the mean target of $5.71 indicating potential upside of over 25% from current levels.
On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.