The momentum in precious metals looks far from exhausted heading into 2026. With persistent inflation concerns and central banks maintaining cautious stances on interest rates, gold and silver continue attracting capital as traditional hedges. The macro backdrop—geopolitical tensions, currency volatility, and corporate demand for industrial metals—keeps underlying support intact. For portfolio managers balancing risk, this sector remains a natural counterweight to equity exposure. Whether it's safe-haven demand or inflation-proofing strategies, expect this rally to have legs in the year ahead.