Precious Metals Outperform Bitcoin in 2025: Silver, Platinum, and Palladium Join Gold’s Rally
Gold has led the pack in 2025, but it’s not alone. Silver, platinum, and palladium have also posted strong gains this year, collectively outpacing bitcoin.
Gold has surged 44% to a record $3,784 per ounce. Silver is up 53% at $44.32, platinum has jumped 60% to $1,452, and palladium has risen 33% to $1,207, according to TradingView. Bitcoin, often called “digital gold,” has climbed just over 20%, trading near $113,000.
The data underscores precious metals’ enduring role as inflation hedges and safe-haven assets amid fiscal uncertainty, geopolitical tensions, and potential threats to central bank independence.
Central banks have further fueled the metals rally. Globally, they hold around 36,000 metric tons of gold, according to the European Central Bank, and have been purchasing more than 1,000 metric tons annually over the past three years — more than double the prior decade’s pace. Buying accelerated after the coronavirus pandemic and Russia’s 2022 invasion of Ukraine, both of which pushed inflation higher.
Bitcoin, in contrast, has not yet been adopted as a central bank reserve asset, limiting its institutional foothold. Its price gains have also been restrained by liquidations from older wallets above $110,000, which offset ETF inflows.
Overall, 2025 has reinforced precious metals as dominant hedges and stores of value, while bitcoin, despite its attention and adoption, has trailed in relative performance.
