Ron DeSantis Blames Dollar Instability As Silver Hits Record Highs: If The US Had A 'Stable Currency' Silver Wouldn't Set New Records

Core Insights - Florida Governor Ron DeSantis criticized U.S. monetary policy, linking the historic surge of silver past $103 per ounce to instability in the dollar [1][2] - DeSantis's comments reflect a broader monetary policy stance advocating for the use of precious metals as legal tender [2][3] Silver Market Performance - On March 2026, silver futures reached $103.405, marking a 7.3% increase, while the closing price was $101.33, up 5.15% for the day and 9.73% over the past five days [5] - The 52-week range for silver was noted to be between $29.62 and $103.53 [5] Precious Metals ETFs - Significant gains were observed in precious metals ETFs, with SPDR Gold Trust (NYSE:GLD) increasing by 1.37%, US Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU) rising by 1.82%, and abrdn Physical Silver Shares ETF (NYSE:SIVR) up by 6.64% [5] Broader Economic Context - Concerns were raised by billionaire hedge fund manager Kenneth Griffin regarding the surge in precious metals and the trend of investors seeking to de-dollarize their portfolios [4] - Gold advocate Peter Schiff predicted that the dollar's decline would continue, with potential prices for precious metals reaching between $5,000 to $10,000 per ounce [4]