Gold’s rally appears structurally supported, with JPMorgan projecting further upside on sustained central-bank and ETF demand, while silver’s outlook remains more cyclical, potentially moderating if industrial demand—especially from solar—softens in 2026.
In a podcast with Zerodha founder Nithin Kamth, Ray Dalio acknowledged Bitcoin as a form of money due to its limited supply and growing perception as a store of value.
Strong returns by precious metals this year can be attributed to ‘debasement trade’, in which investors move capital out of fiat currencies into hard assets like gold and silver, Brooks said.
Spot silver prices jumped to a record high of $62.9 per ounce on Thursday, a day after the U.S. Federal Reserve announced the much-anticipated 25 basis point rate cut.
The financial markets are currently witnessing a significant "Precious Metals Power Surge," as renewed expectations of a U.S. Federal Reserve interest rate cut ignite a fervent rally in both gold and silver. As of November 28, 2025, gold is poised to close its fourth consecutive month of gains, solidifying
