According to @KobeissiLetter, global gold ETF holdings rose by 27 tonnes on Friday, the largest daily increase since January 2022, and gold-backed ETFs gained 0.9% on the day, the biggest single-day percentage rise since 2022 (source: @KobeissiLetter). @KobeissiLetter also reports gold is on track for a sixth consecutive weekly gain, the longest streak since February, while daily options volume in the largest silver ETF, SLV, spiked to 1.2 million shares, the highest since April 2024 (source: @KobeissiLetter). For crypto traders, the World Gold Council reports gold’s long-term correlation with Bitcoin is low, indicating limited direct transmission from gold ETF flows to BTC price trends (source: World Gold Council, 2024).

According to The Kobeissi Letter, silver prices have surged 24% year-to-date and are now trading at their highest level since 2012, reflecting a robust rally in precious metals (source: The Kobeissi Letter, June 5, 2025). This strong momentum in the commodities sector may drive increased interest in digital assets like Bitcoin and stablecoins, as traders seek alternative stores of value. Crypto markets often react to such bullish trends in precious metals, with rising inflows into tokenized commodities and related DeFi products. Active traders should monitor cross-market correlations and consider exposure to crypto assets that benefit from inflation hedging narratives.