Gold and silver hit record highs — Bitcoin rotation could follow in about 6 months
Gold and silver extended record-breaking rallies, with gold reaching $5,597 per ounce and silver climbing to about $119.3 in early Asian trading, as capital and retail attention shift from crypto toward precious metals, BeInCrypto reported. Gold rose 2.6% over the past day to hit $5,597, while silver gained 1.3% to a peak of $119.3.
Year-to-date gains stand near 28.6% for gold and more than 65% for silver, reflecting sustained demand in the metals complex. The strength has spread across other metals: copper reached fresh record highs and aluminum traded at its highest level in nearly four years, though the advance has been volatile.
“Gold futures just both rose +$120/oz and fell -$100/oz in a total of 20 minutes. That’s a $1.5 trillion swing in market cap in 20 minutes. This is the world’s safe haven asset, moving like crypto,” The Kobeissi Letter wrote. Market watchers are now tracking whether and when capital will rotate back into crypto.
Milk Road highlighted a pattern in which Bitcoin has historically lagged gold by roughly six months: “Whatever gold does, $BTC tends to mimic ~6 months later,” the post read. If that relationship holds, analysts say momentum could emerge within a roughly 180-day window, possibly as early as the second quarter.
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