Silver continues its record rally – gold consolidates, Bitcoin slides

Silver prices extended their strong rally this week, climbing above $63 per ounce to reach fresh historical highs, underscoring robust demand from both investors and industrial users. The metal’s dramatic rise—more than doubling over 2025—is attributed to its dual role as a safe-haven asset and a critical industrial commodity.

Gold is trading around the $4,300 per ounce level, close to an eight-week high. Overall, participants in the gold market are acting cautiously in early Tuesday trading, likely also due to the combined US labor market reports for October and November, which are expected to be incomplete as a result of the 43-day government shutdown.

In contrast, Bitcoin has continued to weaken, falling below $86,000 as market sentiment turns cautious. Investors appear to be trimming positions in volatile digital assets, contributing to broader declines across major cryptocurrencies. The move reflects a shift toward traditional stores of value amid macroeconomic uncertainty and liquidity concerns.

The divergent trends highlight a potential reallocation of capital: while precious metals benefit from risk-off trading and industrial demand, Bitcoin struggles with weak liquidity and subdued investor confidence. Analysts note that this dynamic may persist as investors reassess risk and seek more stable assets in a volatile year.

SK