Silver just smashed through $103 per ounce for the first time in history.
Nobody saw this explosion coming.
And Ron DeSantis dropped one brutal fact about the dollar that sent silver to record highs.
Silver's Historic Breakout Catches Wall Street Off Guard
Silver prices blew past $100 per ounce and kept climbing.
The March 2026 silver futures contract hit $103.405 on Friday, up 7.3% in a single trading session.
That's the highest price silver has ever reached in recorded market history.
The 52-week range tells the story of just how violent this rally has been — silver traded as low as $29.62 and is now breaking records above $103.
Precious metals exchange-traded funds captured massive gains as investors scrambled for safety.
The abrdn Physical Silver Shares ETF shot up 6.64% on Friday alone.
SPDR Gold Trust climbed 1.37% while the US Global GO GOLD and Precious Metal Miners ETF jumped 1.82%.
That's 5.15% up for the day and 9.73% over the past five trading days.
DeSantis Points Finger At Washington's Reckless Spending
Florida Governor Ron DeSantis didn't mince words about what's driving precious metals into the stratosphere.
"If the US actually had a stable currency you wouldn't see silver setting new records," DeSantis wrote on X.
https://twitter.com/RonDeSantis/status/2014842491938263201?s=20
He responded directly to market data showing silver's historic breakout.
DeSantis has been warning about dollar instability for years, and now the market's proving him right.
The Governor signed groundbreaking legislation in 2025 that makes gold and silver legal tender in Florida starting July 1, 2026.
The law passed unanimously — 113-0 in the House and 38-0 in the Senate.
Florida exempted both metals from sales tax and allowed them for transactions and tax payments.
"This is our ability to give you the financial freedom to be able to protect yourself against the declining value of the dollar," DeSantis stated at the signing ceremony.
His prediction that Americans would need protection from currency collapse looks less radical by the day.
Billionaire hedge fund manager Kenneth Griffin warned that investors are desperately seeking ways to "effectively de-dollarize or derisk their portfolios vis-a-vis US sovereign risk."
Gold advocate Peter Schiff went even further, predicting precious metals could hit $5,000 to $10,000 per ounce as the dollar continues its freefall.
Trump's tariff policies are adding fuel to an already raging fire.
These aren't just numbers on a spreadsheet.
Real Americans are watching their savings evaporate while Washington prints money like it's Monopoly cash.
https://twitter.com/RonDeSantis/status/2015575843989234086?s=20
Washington Elites Ignore the Warning Signs Flashing Red
DeSantis gets what D.C. economists won't admit.
Silver blowing past $103 isn't some random market move.
It's Americans watching their dollars turn into toilet paper and running for the exits.
https://twitter.com/RonDeSantis/status/2015644699558560196?s=20
The timing couldn't be worse for the Biden-Harris economic legacy Trump inherited.
Moody's downgraded the U.S. sovereign credit outlook in May 2025, following similar moves by S&P Global in 2011 and Fitch in 2023.
Central banks around the world are dumping U.S. Treasuries and loading up on gold instead.
For the first time in nearly 30 years, global central banks now hold more gold than U.S. Treasuries.
Foreign governments are voting with their wallets — they don't trust the dollar anymore.
Trump's trade policies are accelerating this trend despite his promises to strengthen America.
The Tax Foundation projects tariffs will reduce U.S. GDP by 0.5 percent and raise $187 billion in 2025 — money that came straight from American pockets through higher prices.
DeSantis saw this crisis coming and gave Floridians a way out through gold and silver as legal tender.
https://twitter.com/RonDeSantis/status/2015625344905080911?s=20
Utah, Wyoming, Oklahoma, Arkansas, Louisiana, Idaho, and Alabama have already made similar moves.
These states aren't waiting for Washington to fix its spending addiction — they're building escape hatches for their citizens.
DeSantis handed Floridians a lifeboat while the Titanic's still taking on water.
Silver just proved him right.
Sources:
- Mohd Haider, "Ron DeSantis Blames Dollar Instability As Silver Hits Record Highs: If The US Had A 'Stable Currency' Silver Wouldn't Set New Records," Benzinga, January 26, 2026.
- Staff Writer, "DeSantis signs bill into law allowing transactions using gold, silver in Florida," First Coast News, May 27, 2025.
- David Smith, "Ken Griffin: 'Gold Is At Record Highs' And Crypto's 'Unbelievable' Run Is A Sign Of Portfolio Hedging Against US Risk," Benzinga, October 7, 2025.
- Staff Writer, "Trump Tariffs: The Economic Impact of the Trump Trade War," Tax Foundation, January 23, 2026.
- Staff Writer, "Florida Gold & Silver Legal Tender Law: Tax-Free in 2026," Gainesville Coins, May 28, 2025.
