Florida Gov. Ron DeSantis (R) slammed U.S. financial policy on Friday, associating silver’s historical rise past $103 per ounce to basic instability in the dollar.
DeSantis Blasts Fiat Currency System
” If the United States in fact had a steady currency you would not see silver setting brand-new records,” DeSantis composed on X, reacting to information from Barchart revealing silver struck $103 for the very first time in history.
At the time Santos published, the March 2026 silver futures agreement (SIH26) reached $103.405, up 7.3%.
The declaration lines up with DeSantis’s wider financial policy position.
He signed legislation in 2025 making gold and silver legal tender in Florida, efficient July 1, and excusing both metals from sales tax.
More Comprehensive De-Dollarization Pattern
Previously, billionaire hedge fund supervisor Kenneth Griffin revealed issues about a rise in rare-earth elements and about financiers looking for methods to ‘successfully de-dollarize or derisk their portfolios vis-a-vis United States sovereign danger,’ while gold supporter Peter Schiff stated the dollar’s decrease would continue, with rare-earth elements possibly reaching $5,000 to $10,000 per ounce.
On Friday, March 2026 silver futures closed at $101.33, up 5.15% on the day and 9.73% over the previous 5 days, with a 52-week variety of $29.62 to $103.53.
On Friday, rare-earth elements ETFs saw considerable gains, with SPDR Gold Trust (NYSE: GLD) up 1.37%, United States Worldwide GO GOLD and Rare-earth Element Miners ETF (NYSE: GOAU) up 1.82%, and abrdn Physical Silver Shares ETF (NYSE: SIVR) up 6.64%.
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Disclaimer: This material was partly produced with the assistance of AI tools and was evaluated and released by Benzinga editors.