Economist Peter Schiff has issued a stark warning of an imminent US dollar downturn as silver surges past $80 and gold eyes $5,000. The precious metals rally signals a potential 10% correction for the USD, with investors rapidly shifting assets into hard commodities amid growing inflationary fears and central bank policy uncertainty.

Peter Schiff: USD Has Lost All Iran War Gains

Peter Schiff, a renowned economist known for his staunch Bitcoin attitude, has once again struck a new, striking warning. In his latest tweet on X, Schiff shared the latest silver price move, adding how the metal has finally hit $80 after significant upheavals. Moreover, gold price is also gaining steady momentum amid the war crisis, eyeing the $5K mark.

Additionally, Schiff was quick to add how the US dollar has lost all its war gains and is now portraying a weakening stance, with the markets supporting metals as of late. The economist then sounded a major alarm, stating how investors should buy gold before it hits $5K, as metals have now once again started to show significant progress.

Silver is back above $80. It won't be long before gold is back above $5,000. The dollar has already lost all of its Iran war gains. Soon gold will recover all of its Iran war losses. Buy before it does. https://t.co/2yvGy6cqBN

Schiff had earlier tweeted a similar concept before, stating how investors should sell their bitcoin and explore metals as their perfect revenue alternatives.

Bitcoin is getting close to $75K again. That's not much below @Saylor's cost basis for $MSTR. The U.S. dollar seems to be rolling over, and gold and silver may be about to start new legs up. If you have any Bitcoin, sell it now and buy gold and silver. https://t.co/GGNU9tT9EQ

Is Silver Really Ready To Explode?

The silver price is currently sitting at $79, inching closer to breaking above $80 once again. Per the latest forecast by Rashad Hajiyev, silver has rallied from $69 to $79 in a week, with predictions of the metal hitting $90 latest by next week.

Silver rallied from $69.80 to $79.55 or nearly 15% over a single week. Another $10 jump only represents 12% – possible to happen within another week from now. $90 silver price is not that far anymore…