Gold, silver, and platinum are taking a breather after a big run-up—but don’t count them out just yet. Gold and silver are both up 26% so far this year, and platinum is leading the pack with a 54% surge. Prices have leveled off recently, especially for gold, but experts say this is likely just a pause before another leg higher.
The forces driving metals higher—like central bank buying, inflation risks, and a weaker dollar—are still in play. Plus, with interest rate cuts on the table, gold and silver could get a boost as holding metals becomes more attractive than short-term bonds. Silver recently broke above $35 and could be headed toward $40 if demand stays strong. Platinum’s rally also looks sustainable thanks to tight supply and rising investor interest.
In short: the metal markets may be catching their breath—but the rally may not be over.