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Gold to outperform Silver in next few weeks

ADMIN || 5th January 2026

It is time for gold to reassert its position as the premier hedge within the precious metals universe, as the geopolitical angst meter ratchets higher with events in Venezuela.

Silver enjoyed a good run recently, significantly outperforming bullion in the closing stages of 2025. However, now it is time for macro traders to position for the global big picture in the months ahead and that means that assets in the premier league will be the big focus. Which means Treasuries, the euro, Brent crude, the S&P 500 and gold are set for the most attention as geopolitics hogs the limelight.

Silver’s run looks overextended against gold. Especially as the shift in the gold-silver ratio is nearing the extremes seen back in 2021.

Silver’s price setback last week has highlighted an increasing divergence with gold, in particular the differing buyer bases of the two metals.

Gold’s moves were more contained than Silver last week: it lost 4% to silver’s 9% drop, underscoring the contrast between a market dominated by fast money and one anchored by longer-term holders.

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