‘Sell Bitcoin, Buy Silver’ Says Peter Schiff As Grey Metal Dominates With 17% Upside

Grey metal Silver is grabbing all the attention with its Friday rally past $56 per ounce. On the other hand, Bitcoin continues to show subpar performance with bulls failing to break past $93,000 resistance. Popular market analyst Peter Schiff noted that BTC is showing inverse behaviour to Silver. While the grey metal surged 17% in November, BTC price has dropped by the same magnitude this month.

‘Sell Bitcoin, Buy Silver’ Says Peter Schiff After Grey Metal Rally

Silver has stunned the global markets with its sharp upside on Friday, November 28. On the other hand, Bitcoin price continues to fluctuate around $91,000. Gold advocate Peter Schiff seized the moment to criticize BTC, citing how the digital asset has underperformed precious metals throughout 2025.

Silver’s 5% upside on Friday caught Schiff’s attention, wherein he stated how the grey metal is up 17% this month, and 94% year-to-date. He argued that Bitcoin, when priced in silver, is “getting decimated,” urging investors to rotate out of BTC and into silver. “Sell Bitcoin now and buy silver while you still can!” wrote Schiff in his message on X platform.

Schiff further added that during November, both BTC and Silver behaved exactly opposite. While Silver gained 16.5% during the month, Bitcoin fell 17.5%. Year-to-date, silver remains up 95%, compared with a 4% decline for Bitcoin.

“Bitcoin is now the mirror image of silver. During the month of November while silver surged 16.5%, Bitcoin tanked 17.5%. However, silver is up 95% so far in 2025, while Bitcoin is down only 4%. Since silver will likely go much higher, that means its mirror image will likely crash,” wrote Schiff.

Silver Remains Still Underpriced At Current Stage

Market researchers at The Kobeissi Letter said silver’s latest surge marks a historic moment for the precious metals market. They noted that the grey metal has now climbed above its 1980 and 2011 peaks and is trading above $55 per ounce for the first time ever.

The commentary highlighted that while investor attention remains focused on the ongoing “AI bubble,” gold and silver have quietly outperformed nearly every major asset class in recent months.

Despite the 94% upside in 2025 and new all-time highs, the researchers noted that Silver appears underowned in comparison to previous market cycles. They added that silver ETFs now account for 0.3% of all ETF assets, the highest level in four years but still below the 0.4% share reached during the 2020 pandemic peak.

Current allocations also remain far below historical extremes. During the 2011 bull run, silver ETFs represented nearly 1.8% of total ETF assets, roughly four times today’s level. At that time, silver prices climbed 180% in just eight months, compared with a 60% rise over the past eight months. Thus, the investor positioning in silver “remains historically low,” as per The Kobeissi Letter.

Bitcoin Is Losing Demand Big Time

The underperformance of Bitcoin this year in comparison to other asset classes has raised concerns. Believed to hedge against global uncertainties, the digital gold has underperformed in 2025’s volatile macro conditions.

Market commentator Ted Pillows noted that while Bitcoin (BTC) and Ethereum (ETH) have shown early signs of recovery, both assets remain significantly below recent highs. In contrast, he pointed out that the S&P 500 sits just 2% below its all-time high, while gold is trading within 5% of its record level.

Pillows warned that if BTC and ETH fail to close this performance gap, it could undermine investor demand for both these assets.