Commentary
This year has started off with a golden hue. Gold and silver have been among the best-performing asset classes in 2025, up by 12 percent and 14 percent, respectively, year-to-date. Over the past two months, these precious metals have outperformed bitcoin, which was the best-performing asset in 2024, and equity markets around the world. Gold looks positioned to easily top $3,000 in coming weeks, with silver similarly hitting all-time highs.
