---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000853363.md"
description: "After several years of strong gains, I’m becoming less optimistic on gold and silver. Central-bank buying should provide a floor for gold, making a major decline harder, but the bigger issue is opportunity cost.If AI-driven productivity gains keep growth expectations elevated, rates may stay higher for longer. With liquidity remaining relatively tight, precious metals could struggle to outperform capital-intensive AI themes. The key risk to this view would be a sharp slowdown or renewed inflation shock that pushes investors back toward defensive assets.@Captain's Treasure"
datetime: "2026-08-13T16:13:12.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000853363.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000853363.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000853363.md)
author: "[Tonc](https://longbridge.com/en/profiles/17378484.md)"
generator: "portal-rs"
---

# After several years of strong gains, I’m becoming …


### Related Stocks

- [SLV.US](https://longbridge.com/en/quote/SLV.US.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**