$PALU Something clearly broke in precious metals this January—and the fallout makes it obvious which rally was built on solid ground.$PALU
Gold didn’t just spike above $5,000/oz; it held that level. Even after the sharpest selloff in more than ten years, gold reclaimed $5,000 within days—again and again. That’s resilience.$PALU
Silver tells a very different story. After being crushed on January 30, it’s still drifting in the $82–$90 zone. That single session erased roughly 30% of silver’s value—the worst one-day collapse the metal has suffered since 1980.
The key difference is demand quality. Every dip in gold found a buyer—and that buyer was central banks. China alone has been accumulating gold for 15 straight months. These are not short-term traders chasing momentum; they’re sovereign players pulling physical bars off the market and locking them away for the long haul. That kind of steady, price-agnostic demand puts a hard floor under gold prices.
Silver doesn’t have that safety net. Its 2025 surge of roughly 130–160% (depending on the metric) was eye-catching but structurally weak. The move was driven largely by leveraged futures and momentum-driven positioning—capital that can disappear as fast as it arrives.
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