As silver prices touched highs in domestic and international markets on Monday, author and investor Robert Kiyosaki, best known for Rich Dad Poor Dad, warned investors against assuming that the rally will continue without interruptions. In a detailed post on X (formerly Twitter), Kiyosaki cautioned that silver may be “peaking” and that a major pullback could take place before prices start climbing again.

His comments came at a time when the bullion market experienced sharp gains, with silver and gold both recording all-time highs.

Kiyosaki underlines pullback risk and restates long-term belief

In his social media post, Kiyosaki appealed to followers to remain alert, mentioning, “PLEASE BE CAREFUL: SILVER PEAKING. There will be a major pull back, before it begins soaring again.”

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Despite issuing his warning, his long-term perspective continues to be unchanged. Kiyosaki stated that he plans to continue purchasing silver up to $100 and is ready to wait patiently if prices come down. “If and when silver crashes… I will be patient and wait till the silver market tells me what to do next,” he wrote.

Kiyosaki has shared about his long association with the metal. He pointed out that he started buying silver around $1 an ounce in 1956 and became a strong believer when prices went up to $4-$5 an ounce around 1990. As per him, increasing prices usually attracts speculative selling, which can eventually escalate sharp corrections.

He also highlighted the threat of chasing rallies. Kiyosaki underlined what he called “Rich Dad’s wisdom”, quoting, “Pigs get FAT….Hogs gets SLAUGHTERED.” He advised that aggressive profit-booking by sellers could “crash silver market”, even as prices surge.

Kiyosaki also raised questions on the idea of selling silver for cash, pointing out that investors ultimately get paid in US dollars, which he has repeatedly criticised in the past. Terming it “silly”, he stated that he is instead planning to trade silver for gold, and posted the question –‘SMART?”.

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Silver rates as of Jan 12

Kiyosaki’s comments coincided with a sharp rally in bullion prices. Silver prices in New Delhi climbed by Rs 15,000 or 6 per cent, to touch an all-time high of Rs 2.65 lakh per kg. On the other hand, gold of 99.9 per cent purity surged Rs 2,900 to a record Rs 1.44 lakh per 10 grams, as per a report by PTI.

In terms of global markets, spot silver is close to USD 85 per ounce, whereas gold surpassed USD 4,600 per ounce for the first time. Analysts have cited geopolitical tensions, pressure on the US dollar, and expectations of US interest rate cuts as major factors backing the metal prices, as reported by PTI.