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This Could Be the Last Pullback Before Gold & Silver Go Parabolic – Are You Ready to Capitalize?

By:
Phil Carr
Published: Nov 21, 2025, 18:31 GMT+00:00

The global economy is no longer converging – it is splitting. The world has entered a new structural reality known as the K-Shaped Economy, where the rich get richer and the poor get poorer.

The upper arm of the “K” accelerates into unprecedented wealth accumulation, fuelled by asset inflation and liquidity injections. Meanwhile, the lower arm faces weakening currencies, rising costs, deteriorating purchasing power and a shrinking path to financial security.

In this environment, Gold and Silver are not just hedges – they are the epicentre of the divergence.

As Lars Hansen, Head of Research at The Gold & Silver Club, explains: “The last time the macro backdrop was this bullish was in the early 2000s – right before Gold tripled and Silver went parabolic. Today’s setup is even stronger.”

Liquidity Is Being Weaponised – And Capital Is Fleeing Into Precious Metals

The rich get richer and the poor get poorer when liquidity is weaponised – and that is exactly what is happening today.

Governments are running historic deficits, currencies are being softened to manage debt loads and central banks are injecting liquidity into already overstretched financial systems. Households, meanwhile, are experiencing the sharpest decline in real purchasing power in decades.

In this kind of divergence, capital doesn’t rotate quietly – it stampedes into hard assets.

In the past twelve months, central banks bought more Gold than in any year since 1967 – the moment monetary confidence first cracked. But the difference today is scale and speed. Demand is not just coming from reserve banks – it is coming from sovereign wealth funds, private banks, hedge funds, family offices and retail investors all at once.

The result is unmistakable: Gold has already shattered 42 all-time record highs in 2025 – marking its strongest yearly performance in more than half a century. And institutions that dismissed the rally at $2,600 are now being forced to buy at far worse prices.

This is how Supercycles begin: reluctantly at first, then violently all at once.

Silver Is the Shockwave No One Is Prepared For

While Gold signals the macro breakout, Silver is the high-beta shockwave building beneath the surface.

Silver remains deeply undervalued relative to Gold, despite facing the tightest physical supply conditions in more than a decade. It sits at the core of the AI revolution, the EV transition, renewable energy infrastructure, 5G networks and high-intensity data-centre expansion.

And in a world where the rich get richer and the poor get poorer, Silver becomes uniquely potent.

The lower arm of the K increases monetary demand for Silver as currency decay accelerates. While the upper arm of the K drives industrial demand, pouring billions into solar, battery tech, electrification, and energy-dense manufacturing.

This dual-demand engine is exactly how Silver behaves before a vertical move.

Every major metals Supercycle of the past half-century unfolded with the same sequence: Gold moves first. Copper confirms. And then Silver delivers the most explosive upsurge.

We are now entering that phase.

What Happens Next Is Rarely Subtle

History is clear: when Gold rises steadily, Silver erupts.

In 2009, Silver surged 400%. In 2011, it rocketed to nearly $50. In 2020, it doubled in a matter of weeks.

But today’s conditions are far more powerful – deeper deficits, more aggressive monetary intervention, higher geopolitical risk and far stronger institutional accumulation.

The global economy is not recovering – it is diverging. And in every era of divergence, those who own real assets, not financial promises, are the ones who prosper.

The Window to Accumulate Is Closing Faster than Anyone Realises

According to Hansen: “Gold is entering a new monetary era. Silver is entering a supply crisis. This is the most lucrative accumulation window in more than a decade.”

He adds: “From now until year-end could be the most rewarding period for precious metals since the post-pandemic boom. The last time metals looked this cheap, they doubled soon after. History could be about to repeat.”

This is the moment decisive traders have been waiting for. The next historic move in Gold and Silver is already unfolding – and those still waiting on the sidelines won’t just miss a rally – they’ll miss the greatest wealth transfer of our generation. Any pullbacks from here should be treated as buying opportunities because prices won’t stay low for long.

About the Author

Phil Carrcontributor

Phil Carr is co-founder and the Head of Trading at The Gold & Silver Club, an international Commodities Trading, Research and Data-Intelligence firm.

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