Not Just Gold: Silver, Platinum and Other Precious Metals Are All Stealing Bitcoin’s Thunder in 2025

Group 1: Precious Metals Performance - Gold has surged by 44% to a record price of $3,784 per ounce, while silver has gained 53% to $44.32 per troy ounce, platinum has increased by 60% to $1,452, and palladium has risen by 33% to $1,207 [1][2] - Precious metals are viewed as safe havens and inflation hedges amid a deteriorating fiscal outlook for advanced economies and geopolitical tensions [2] Group 2: Central Bank Activity - Central banks have been diversifying into gold, holding approximately 36,000 metric tons, which has provided significant support for gold and its counterparts [3] - The buying spree by central banks began after the coronavirus crisis and intensified following Russia's invasion of Ukraine, with over 1,000 metric tons added annually, more than double the average of the previous decade [4] Group 3: Bitcoin Comparison - Bitcoin has only risen slightly over 20% to $113,000, failing to keep pace with precious metals, and has not been adopted by central banks as a reserve asset [2][5] - The gains of Bitcoin may be limited due to continued liquidations from old wallets above $110,000, which have offset ETF inflows [5]