Another day has seen another All-Time-High for precious metals. Gold, silver, and platinum all hit new highs today.
Market experts view this sharp surge as a warning sign, indicating declining confidence in the financial system and Dai inflation risks. Meanwhile, the cryptocurrency community is questioning whether the upward trend in precious metals could gradually lead to a shift of funds into Bitcoin by 2026.
Gold, silver, and platinum hit All-Time-High.
According to the latest market data, gold surpassed the $4,500 mark for the first time today, setting an all-time high at $4,526 . At the same time, silverpeaked at $72.7.
“Silver prices have risen by more than $1 and are trading above $72.30. It looks like the $80 mark will be reached soon before the end of the year,” economist Peter Schiff Chia .
Not only gold and silver, but platinum also reached a new peak above $2,370. In addition, palladium surpassed $2,000, reaching that level for the first time since November 2022.
This upward trend has also spread to other commodities. Copper prices surpassed $12,000 per ton for the first time, heading towards record year-on-year growth since 2009. Nic Puckrin, investment analyst and co-founder of The Coin Bureau, Chia BeInCrypto that the impressive performance of precious metals recently is mainly due to
“The combination of interest rate cuts, geopolitical tensions – particularly prominent this week with the situation in Venezuela – and most importantly, the wave of Capital outflows from the USD.”
What is the surge in precious metal prices signaling?
Despite the continuous record-breaking prices of precious metals, raising expectations of continued growth , some experts warn that this could be a sign of greater macroeconomic instability. Economist Schiff argues that gold, silver, commodities, bonds, and the foreign exchange market together signal that the US is facing its highest inflation rate in 250 years.
This warning comes despite recent data showing US GDP growth in the third quarter reached 4.3%, far exceeding market forecasts . However, this expert advises against simply looking at official figures alone.
"The CPI is manipulated to mask price increases and blind the public to the true extent of inflation," he added .
Expert Andrew Lokenauth warns that the current rapid surge in silver prices is “rarely a good sign.” He argues that this indicates declining confidence in the political system and fiat currencies.
“This happened before the fall of Rome, during the French Revolution, and when the Spanish Empire collapsed. It not only foreshadowed upheaval but actually contributed to it. Often it led to massive shifts in wealth: the poor had to hold onto worthless paper money, while the rich hedged with gold and silver,” Lokenauth Chia .
Conversely, the DXY index weakened significantly throughout 2025. As the year drew to a close, the index once again fell below 98.
"The US dollar index fell to its lowest closing level since October 3rd," Neil Sethi Chia .
The US dollar index. Source: TradingViewOtavio Costa stated that the US dollar is approaching a decisive moment. According to him, the DXY started the year at its highest valuation in history, but then plummeted sharply to a key support zone that had held for almost 15 years.
"This support level has been tested many times, especially recently, and in my opinion, we are about to see a real breakout – which could have far-reaching implications for global markets," he emphasized .
This expert argues that this is happening against the backdrop of central banks tightening policy, while the US Federal Reserve is under pressure to lower interest rates to address the rising cost of national debt. According to Costa, such large trade and budget deficits are typically addressed through fiscal tightening policies, a process historically shown to be associated with a weaker, not a stronger, dollar.
From gold to crypto? Analysts track Capital flows into Bitcoin in 2026.
Despite the decline in the DXY index, Bitcoin has yet to recover . In 2025, this asset will lag behind both precious metals and technology stocks, heading towards its worst quarterly decline since 2018, according to analysts .
BeInCrypto also pointed out that many new investors are now prioritizing traditional investment channels like gold or silver instead of exploring crypto. However, many in the crypto community still expect that the rise in gold could trigger a similar surge in Bitcoin in the future.
Analyst Garrett believes that the upward trend in silver, palladium, and platinum is primarily due to Short squeezes, and warns that these rallies are usually short-lived.
"When this trend reverses, the price of gold is also likely to be pulled down. Money could be withdrawn from precious metals and shift to BTC and ETH," he Chia .
David Schassler, head of multi-asset solutions at VanEck, also predicts a strong Bitcoin rebound in 2026. He believes the asset is well-positioned to bounce back as currency devaluation intensifies and market liquidation returns.
“ YTD, Bitcoin has lagged behind the Nasdaq 100 by about 50%, and this gap will create an opportunity for Bitcoin to become a standout asset in 2026. The current weakness only reflects risk aversion and temporary liquidation pressure, not a breakdown in the investment outlook for Bitcoin. As inflation continues to rise and market liquidation recovers, Bitcoin has historically reacted strongly. We have bought in,” Schassler predicted .
Finally, Puckrin also suggested that it is entirely possible for Bitcoin to set a new record in 2026.
"The important thing is that there is still a high probability that Bitcoin will reverse its trend and set new highs in 2026, while gold and silver may begin to lose their appeal."
In the coming months, the market will test whether the precious metals group can maintain its record gains, or whether profit-taking will drive Capital flows into other channels.
