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Ron DeSantis Blames Dollar Instability As Silver Hits Record Highs: If The US Had A 'Stable Currency' Silver Wouldn't Set New Records - SPDR Gold Shares (ARCA:GLD), US Global GO Gold and Precious Meta
Benzinga· 2026-01-24 08:49
Core Insights - Florida Governor Ron DeSantis criticized U.S. monetary policy, linking the historic rise of silver prices to instability in the dollar [1][2] - DeSantis's comments reflect a broader trend of de-dollarization, with investors seeking alternatives to the U.S. dollar amid concerns over its stability [4] Silver Market Analysis - Silver futures for March 2026 reached a record high of $103.405, marking a 7.3% increase [2] - On the same day, silver futures closed at $101.33, up 5.15% for the day and 9.73% over the past five days, with a 52-week price range of $29.62 to $103.53 [5] Precious Metals ETFs Performance - 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] Legislative Context - In 2025, DeSantis signed legislation making gold and silver legal tender in Florida, effective July 1, and exempting these metals from sales tax [3]