Gold & Silver: Current Portfolio Perspectives

Gold and silver have recently reached historic highs, driven largely by ongoing monetary, political, and geopolitical uncertainty. While precious metals can act as a safe haven during times of stress, they’ve also experienced sharp boom-and-bust cycles over time.

As this week’s charts highlight, gold often performs well during crises but has long stretches of underperformance compared to equities. That’s why precious metals work best as a complement to long-term growth assets, not a replacement.

The broader takeaway: no single asset class leads every year. Diversification remains key to navigating market cycles and staying aligned with long-term financial goals rather than reacting to short-term headlines.