Investors Flee to Gold and Silver as Crypto Markets See Heavy Outflows
Traditional safe-haven assets are dominating investor attention as Gold and silver prices surge to record highs. Gold reached $4,215 per troy ounce, while silver climbed to $53.59, marking year-to-date gains of 60% and 21%, respectively. The rally underscores a broader shift away from risk assets amid global economic uncertainty.
Cryptocurrencies faced significant outflows this week, coinciding with sharp liquidations across digital asset markets. The MOVE toward precious metals precedes the Federal Reserve's Beige Book release, which will provide critical insights into the U.S. economic outlook.
Analysts now predict silver could test $60 as its momentum builds. The metal's breakout through key resistance levels has drawn intensified trading activity, contrasting sharply with the crypto sector's struggles.
