Aug. 25 at 5:16 PM
$SICP Gold and silver are no longer approaching a new precious-metals cycle — we are already in it. The parallels to 1971–1980 and 2001–2011 are becoming clearer: massive government debt, doubts about fiat currencies, geopolitical tensions, strong central-bank buying and a renewed flight into hard assets.
Gold is trading around
$4,620 on August 25, 2026, up roughly 15% this month and back above its 200-day moving average. Citi and Bank of America now see upside toward
$6,000.
Silver could be even more explosive. In previous cycles, gold usually moved first before silver accelerated sharply. From 2001 to 2011, gold rose from about
$250 to
$1,900, while silver surged from roughly
$4 to nearly
$50.
Deutsche Bank has already outlined a bullish scenario of
$6,000 gold and
$100 silver. If silver starts catching up with gold again, even
$100 may not mark the end of the move.
Gold is leading. Silver is waking up. The most spectacular phase of this bull market may still be ahead.
