Quick Read – Silver surged 405% from trough to peak versus gold’s 170%, and its one-month gain of 16% still beats gold’s 10% rebound. – Half of silver’s annual demand comes from industrial uses like solar panels and AI infrastructure, while a physical supply shortage stretches…
to its sixth year. – The VanEck Gold Miners ETF hauled in $419 million this month, including a record single-day inflow of $25 million, signaling renewed precious metals conviction. – Precious metals have spent the past two and a half years reminding investors why they still belong in a portfolio. Gold broke past $2,060 an ounce in December 2023, then found another gear entirely in March 2024, vaulting through decades-old resistance levels on its way to a record-shattering rally
Rate-cut anticipation, aggressive central bank buying led by China, and spring banking-sector stress all pushed capital toward the metal at the same time. That combination doesn’t come around often. Gold ultimately peaked near $5,590 an ounce in late January — a gain of roughly 170% from where the move began.
It has since pulled back to about $4,385. That’s still a massive advance from the starting line, but a sharp retreat from the top. Now gold is climbing again, up roughly 10% over the past month.