Core Insights - The precious metals rally that began in 2024 has continued into 2026, with gold gaining over 70% and silver gaining over 194% in the past year [2][5] - Global catalysts for gold's rise include geopolitical conflicts, increased central bank and institutional buying, and concerns over monetary policy and fiscal debts [2] - Silver's price surge is attributed to a multi-year supply deficit and strong industrial demand across various applications [3] Gold Market Analysis - In December 2025, gold set 53 record prices, with annual inflows into physically backed gold ETFs reaching $89 billion, the highest on record [4] - The World Gold Council reported that global gold ETFs' assets under management doubled to an all-time high of $559 billion in 2025 [4] Silver Market Analysis - Inflows into silver ETFs in the first half of last year surpassed the total for 2024, indicating strong investor interest [4] - The demand for silver is driven by its industrial applications, including solar panels and aerospace systems [3] Investment Opportunities - ETFs such as GLTR and GBUG, which provide exposure to both gold and silver, have posted one-year gains of 108% and 138%, respectively [5] - Investors are encouraged to consider ETFs that hold both metals to capitalize on the ongoing precious metals rally [3][5]