
The Pomp Podcast Why Isn't Bitcoin Going Up While Gold & Silver Are Surging? | Anthony Pompliano
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Jan 26, 2026 Discussion of why gold, silver, copper, and platinum are rallying while bitcoin lags. Exploration of macro and industrial demand driving the metals surge. Examination of how Wall Street adoption has reshaped bitcoin’s market structure. Consideration of inflation expectations, global stability, AI, and competition for capital and attention.
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Metals Rally Driven By Demand And Low Supply
- Gold, silver, copper, and platinum have surged due to rising demand and constrained supply across monetary and industrial use cases.
- Different drivers (central bank buying, industrial demand, low supply) explain metals' strong, broad rally.
Silver's Dual Role Fuels Its Surge
- Silver's price is rising both as a store-of-value and because of strong industrial demand tied to defense, AI hardware, and EVs.
- Industrialization and increased manufacturing are amplifying silver's real-world consumption and price pressure.
Copper And Platinum: Industrial Imbalance
- Copper and platinum gains are primarily industrial: EVs, infrastructure, and renewables for copper; very tight supply for platinum.
- Structural production and demand imbalances are creating durable upward pressure on those metals.
