Silver Rises Over 120% YTD 
Global physically-backed gold ETFs experienced significant growth in April, adding $11 billion and extending their inflow streak to five consecutive months. Total assets under management reached a new high of $379 billion, with holdings increasing by 115 tonnes to 3,561 tonnes. Asian markets led this surge, accounting for 65% of global inflows and setting a record with $7.3 billion in new investments, primarily from China. North American investors added $4.5 billion, while European markets saw modest outflows of $807 million. Trading volumes across global gold markets exploded to $441 billion per day, 48% higher than the previous month, with all market segments seeing significant increases in activity.
Videos
Are Mining Stocks a Trap? Mike and Alan Break Down 50 Years of Data
Are gold mining stocks really a leveraged bet on gold—or a long-term trap? Mike Maloney and Alan Hibbard analyze 50 years of data and reveal why physical gold has massively outperformed even the best mining companies, exposing the hidden risks of dilution, volatility, and poor timing that most investors underestimate.
December 13, 2025
