"Industrial demand for silver... could outweigh this... Silver is historically more volatile, therefore regarded as more tactical in nature." Silver benefits from the same monetary tailwinds as Gold but has an additional "floor" provided by industrial use cases. Its higher volatility makes it suitable for tactical trading (shorter-term swings) in addition to long-term holding. Tactical Long / Buy the Dip. Reduced investor demand due to high interest rates; economic slowdown reducing industrial consumption.
"Possible strategies: Buying the dip for long-term hold. Gold is viewed as a strategic asset in most asset allocation profiles." While high interest rates currently make yielding assets more attractive (creating short-term price weakness), structural factors like central bank accumulation and geopolitical risk support higher prices over the long run. Therefore, current volatility is an entry opportunity rather than a sell signal. Accumulate on dips for a long-term hold. "Higher for longer rates typically make non-yielding assets like precious metals less attractive," potentially leading to extended periods of drawdown before the long-term thesis plays out.