A Fire in the Miners

In case you haven't heard, a raging bull market in precious metals is underway, with miners leading the charge. 

The Gold Rush is on.

Central banks are buying gold at a rapid pace, and that remains one of the most significant tailwinds for this precious metals bull market. But what’s even more important right now is what the big money isn’t doing.

According to the latest Bank of America Global Fund Manager Survey, institutional portfolios remain massively underweight in precious metals. That’s fuel for the fire.

Meanwhile, everything in the precious metals complex is coming to life. 

Silver futures are flirting with a breakout above their 1980 and 2011 peaks. 

Platinum has entered a brand-new bull market. 

Palladium is joining the party. 

Everything is working - especially the miners.

2025 has been a historic year for the Gold Rush Miners Index: