Gold and silver are hitting fresh peaks once again. Here's what's driving it: China recently elevated gold to high-quality liquid asset status, signaling serious institutional demand. Meanwhile, the silver story runs deeper—tech and industrial sectors are aggressively competing for supply, especially as electric vehicle battery manufacturing scales at breakneck speed. When you combine policy-level support for precious metals with surging end-user demand from the EV boom, you get the perfect setup for continued strength. This matters for portfolio diversification in volatile markets.