The world’s central banks are quietly setting the stage for what could become the next major precious metals supercycle. This time, however, silver may be the breakout star, not gold.
It comes barely two weeks after people were lining up in bullion stores to buy physical gold as prices hit $4,330 and the market cap surpassed $30 trillion.
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Central Banks Are Reloading — Is Silver About to Eclipse Gold in a New Supercycle?
Global central banks have been on a steady gold-buying spree throughout 2025, creating what analysts call “structural support” beneath the market.
It added that the current pullback is less a sign of weakness and more a positioning unwind within a larger uptrend. According to the analyst, this could set up a short-term bottom as the Federal Open Market Committee (FOMC) meeting approaches.
Gold Price Performance. Source: TradingViewThat sentiment was echoed by market strategist and financial markets expert Rashad Hajiyev, who believes the tide is already turning.
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Hajiyev predicts the next leg higher “could be very quick,” with prices potentially racing toward $5,000 per ounce. Such a move would constitute a 25% climb above current levels.
However, amid the growing gold narrative, Hajiyev sees an even bigger opportunity forming in silver. Drawing from history, he pointed to the July–August 2020 rally, when silver surged nearly 60% compared to gold’s 15%.
As of this writing, Silver was trading at $48.13, down over 11% from its October 17 high of $54.45.
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Silver Price Performance. Source: TradingViewThe macro backdrop could make such a scenario plausible. The Federal Reserve is widely expected to deliver another rate cut today, with global liquidity expanding as major economies shift toward looser monetary policy.
Kevin Rusher, founder of RAAC, said the temporary sell-off in gold and the rebound in crypto reflect this broader shift. However, Rusher insists that the role of gold is far from over.
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He added that as fiat currencies weaken under the weight of policy easing, real assets like gold and silver will continue to anchor diversified portfolios.
Rusher also sees the rise of tokenized real-world assets as a transformative force for metals investing.
Over time, he believes tokenization will extend to real estate and other commodities, embedding metals more deeply into the digital asset economy.
With central banks still accumulating, monetary policy turning dovish, and investor attention shifting toward tokenized stores of value, the stage is set for a potentially historic phase in precious metals.
If history rhymes, silver, the metal often called “gold’s high-beta cousin,” could lead the charge.
Source: https://beincrypto.com/central-banks-silver-lead-metals-supercycle/



