Bitcoin Trailed a $2.7 Trillion Gold and Silver Rally: Is the Yen to Blame?

NewsFri, 07 Aug 2026 13:18:26 UTC2 hours ago

Gold and silver just posted their strongest week of 2026. Bitcoin (BTC) sat it out.

Gold climbed roughly 7% on the week. Silver did about twice as well. Bitcoin managed 0.7% in a day.

The Gold and Silver Rally Left Bitcoin Behind

Gold headed for its best week since January, Reuters reported. Spot gold was up about 6% on the week by Friday afternoon in London, then pushed higher into the New York session.

By late Friday, gold traded near $4,323 an ounce and silver near $64. Both marked multi-week highs.

Gold (XAU) and Silver (XAG) Price Performances. Source: TradingView

Bitcoin was the laggard. It gained 0.7% over 24 hours, leaving Bitcoin near $65,000 with a market value around $1.31 trillion.

Research account Bull Theory put the combined gain for the two metals at roughly $2.7 trillion. That estimate values all the gold and silver ever mined. Treat it as rough scale, not a hard number.

$2.7 TRILLION has been added to gold and silver this week.

Gold is up +7.3%, adding $2.22 TRILLION.

Silver is up +14%, adding $504 BILLION.

Gold made a new 7 week high and Silver made a 6 week high. pic.twitter.com/qlWapO5Yjq
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Bitcoin Trailed a $2.7 Trillion Gold and Silver Rally: Is the Yen to Blame?

The Gold and Silver Rally Left Bitcoin Behind

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