The precious metals market is shifting in ways that go beyond headlines. Central bank demand, ongoing currency pressure, and increased industrial usage are changing both the supply/demand picture and the way investors think about gold and silver in a portfolio.

In this educational session, we’ll explore what’s driving the current structure of the market, how physical metals are traded and priced, and why some investors are looking beyond paper-based exposure. We’ll also discuss how liquidity constraints and valuation concerns in parts of private markets are influencing asset-allocation decisions as we move into 2026.