from Birch Gold Group:
Gold at $4,500. Silver finally breaking free after 50 years. Institutions buying bullion like it’s going out of stock. 2025 wasn’t just a strong year for precious metals – it marked a deeper shift most headlines can’t explain. Here’s what it means…
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The top 3 precious metals stories of 2025
I’ve gotten into a habit of recapping the top three stories of the previous year. Very often over the last few years, the top stories of the two metals are always related to price gains.
There’s not much to do, though, but give gold and silver their due…
#1. Gold reaches $4,500
Gold’s climb to $4,500 was many things.
It was a forceful catch-up for gold in U.S. dollar terms after it had already posted similar performances in every other.
It was an exposure of how weak the supply side is, particularly to sudden demand and particularly if that demand was specific.
It was a return into value, on behalf of every investor that could spare a coin.
Although, apparently, private investors are still lagging behind in demand.
It was also not many things, like the reasons why we’re told it’s climbing on a given day.
Gold’s price gain on its own is my top story pick of 2025, but the reluctance of the mainstream to address what exactly is behind these massive gold price moves is worthy of follow-up. There are clues about the true state of the economy, despite mainstream media’s constant damage control efforts. Rest assured, I’ll keep covering the real stories behind the headlines.
#2. Silver breaks out of a 50-year range
Another easy pick, but some might forget that silver’s doldrums lasted 50 years. Granted, there was some move towards $50 in 2011, but it resulted in nothing lasting. Silver has been trying, and failing, to capture a price last seen during the Carter administration.
When it finally accomplished that, silver price simply took off. (Like plenty of analysts, including myself, predicted it would.)
However, many questions still linger. Silver could have just as easily broken through $90 – but didn’t. Not yet at least.
So now we face a big question: Will silver’s nominal all-time highs bring in a flood of supply as punters hock the family silverware? Or will demand for physical silver from both investing and industrial sectors remain tight, potentially powering a run to that $100 to $200 level so many call “silver’s fair price”?
Exciting (and profitable!) times for silver owners, to be sure.
#3. Institutional gold demand heats up
Not as obvious as the price stories, but one to watch regardless… I’ve been telling you about record-setting central bank gold buying for nearly four years now. Central banks haven’t notably slowed down – and now other institutions are getting in on the action.
Consider the case of Tether, now the world’s largest private gold owner with 116 metric tons reported. Tether’s reported gold buying actually surpassed any single central bank’s gold buying in the third quarter of 2025.
From Tether’s perspective, I’d argue that this is a very smart diversification move! After all, Tether’s reserves already hold about $10 billion in bitcoin and over $100 billion in U.S. government debt – that’s a lot of risk on Tether’s books. Excellent risk management, great diversification – makes you wonder why they didn’t do this sooner. (Probably because crypto enthusiasts are calling this shift, with Tether’s bitcoin reserves actually smaller than its gold reserves, “A betrayal of its principles,” or “Defying its own crypto narrative.”)
