Gold’s New High: When Will Crypto Get a Promo?

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Gold and silver continued their record-breaking rally today, with both precious metals surging to new all-time highs.

As capital continues to flow into precious metals, investor focus is shifting to whether and when this momentum could spill over into crypto assets, which have so far remained under pressure. Because nothing says “I’m a safe investment” like a 28.6% year-to-date gain and a 65% silver surge. Truly, the market is a circus.

Gold and Silver Prices Hit Record Highs

Gold prices surged 2.6% over the past day, reaching a record high of $5,597 per ounce during early Asian trading hours. Silver also extended its advance, rising 1.3% to a peak of $119.3 per ounce, as the ongoing rally in precious metals continued. It’s like watching your aunt’s antique collection get a facelift while the rest of the family’s assets are in a dumpster.

The former metal has now gained around 28.6% year to date. Silver has outperformed, posting gains of over 65% over the same period, reflecting sustained demand. Sustained demand, sure-like the demand for a second opinion from a financial advisor who’s clearly been drinking the Kool-Aid.

The strength has extended beyond precious metals. Copper prices have also climbed to fresh record highs, rising another 9% this month. At the same time, aluminum rose to its highest level in nearly four years, highlighting broad-based bullish sentiment across the metals complex. Because nothing says “economic optimism” like a 9% jump in copper and a 4-year high in aluminum. Truly, the market is a symphony of chaos.

However, the rapid advance has been accompanied by notable volatility, as evidenced by sharp intraday swings. Because nothing says “calm and collected” like a $1.5 trillion market cap swing in 20 minutes. Gold, the world’s safe haven asset, moving like crypto. How original.

“Gold futures just both rose +$120/oz and fell -$100/oz in a total of 20 minutes. That’s a $1.5 trillion swing in market cap in 20 minutes. This is the world’s safe haven asset, moving like crypto,” The Kobeissi Letter wrote.

When Capital Rotation From Gold and Silver Could Begin

Meanwhile, BeInCrypto reported that precious metals are drawing capital and retail attention away from crypto assets, as investors adopt a more cautious stance. Market participants are now closely watching for signs of when this capital could rotate back into digital assets. Because nothing says “cautious” like ignoring the fact that crypto is currently the financial equivalent of a toddler with a hammer.

Milk Road pointed to a market pattern that hints at when the rotation might take place. The post noted that Bitcoin has followed gold’s price movements with an approximate six-month lag. Because nothing says “reliable indicator” like a six-month delay. It’s like waiting for a friend to text back after a party-eventually, it’ll happen, but you’ll have forgotten why you cared.

“Everyone’s watching BTC sit dead flat while gold rips to new highs. The surface read is that crypto is failing while hard assets win. But there’s a pattern hiding in plain sight that @RaoulGMI just reiterated in our chat yesterday: Whatever gold does, $BTC tends to mimic ~6 months later,” the post read.

If this pattern holds, Bitcoin could be positioning for a significant catch-up move. Thus, analysts are closely monitoring the roughly 180-day window, with momentum potentially emerging as early as the second quarter. Because nothing says “financial certainty” like a 180-day window. It’s like predicting the weather in a hurricane.

When it comes to silver, Ash Crypto observed that the BTC/silver ratio may be nearing a bottom. According to him, past market cycles show the ratio typically bottoms about 13 months after its peak with drawdowns of 75-85%. The current cycle has now lasted 12 months with a 78% decline, a range that historically signals a reversal could be close. Because nothing says “historical precedent” like a 78% decline. It’s like saying “I’m not a gambler, I just like to bet on the underdog.”

However, Charles Edwards of Capriole Fund offered a more cautious view, warning against assuming an imminent peak in precious metals. Because nothing says “caution” like a fund manager who’s clearly been watching too many financial thrillers.

“Don’t sell your winners to buy your losers – a classic saying that rings true today. Could this be the Gold top forming? Maybe, but probably not. Even if it is, it’s normally best to wait for some technical or fundamental weakness to confirm your bias, as opposed to trying to time the impossible top, and sell with no supporting evidence because $5000 is ‘a round number.’ We’ve already climbed another 6% since,” he said.

Edwards also emphasized that bubbles can persist far longer than many expect, citing Bitcoin’s history as an example. He added that gold and silver have historically experienced long-duration bull markets, often lasting between five and ten years, suggesting the current rally, now roughly 18 months old, may still have room to run. Because nothing says “long-term growth” like a 18-month rally. It’s like saying your plant will live forever because it’s been alive for 18 months. (Spoiler: It won’t.)

“Metals are overbought, that money will rotate into crypto soon”

Is like saying “electricity is overbought, that money will rotate into methamphetamine farms soon”

– mert (@mert) January 28, 2026

While opinions remain divided on how long the precious metals rally can last, the implications for crypto markets are becoming harder to ignore. Gold and silver have added trillions in market value in a relatively short period, and even a modest rotation of capital could have an outsized impact on Bitcoin and broader digital assets. Because nothing says “outsized impact” like a 28.6% gain. It’s like expecting a whisper to be heard in a tornado.

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2026-01-29 09:07