What Bitcoin, Gold and Silver Just Told Us About Risk-On Rotation

by | Jul 14, 2025

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Sometimes the biggest moves happen when the rest of the market is asleep — and that’s exactly what we just saw from Bitcoin, gold and silver on Friday.

While the S&P 500 drifted sideways and closed the week flat to slightly red, hard assets quietly exploded higher. And that tells you everything you need to know about where money is moving…

I’m not just talking about a single-day pop. Bitcoin just broke through all-time highs, surging past the $118,000 level after consolidating for days around $112,000.

Gold and silver followed right behind. Gold is now up nearly 30% year to date. Silver? Up over 30% — and that’s after barely pulling back during April’s volatility.

Bitcoin is up about almost 30% for the year, outpacing both the S&P 500 and Nasdaq.

These aren’t speculative one-off moves. This is rotation. Real capital is moving into assets that trade independently of the bond market and the dollar. And in my book, that’s a signal worth paying attention to.

The Rotation Beneath the Surface

Look at the bigger picture. While most traders have been fixated on whether the indexes can hold all-time highs, these assets are already running. Bitcoin’s surge helped push my portfolio to a new equity high this week — and that wasn’t an accident.

IBIT, my Bitcoin exposure, is up around $73,000. My SLV position in silver? Up $46,000. GLD is showing $21,000 in gains, and even PHYS, the physical bullion ETF, is up $4,400.

The takeaway isn’t that I made a good bet. The takeaway is that we’re watching a risk-on rotation into real assets. And it’s happening while most equity traders are asleep at the wheel.

What’s Driving It — and What Comes Next

This isn’t just about chasing momentum. It’s about recognizing what’s breaking. The dollar looks vulnerable. The bond market remains fragile. And when those two pillars start to wobble, capital rotates — fast.

I’ve been saying all year that something could snap. Maybe this is it.

If silver breaks above $40, I think the next stop is all-time highs. I’m targeting $48 on SLV. And I’m not trimming my positions yet. There’s still too much upside left on the table — and I want to be in these trades when the next leg higher starts.

The main takeaway here is when the market gets quiet, watch where money actually goes.

Right now, it’s not flowing into tech. It’s not flowing into bonds. It’s flooding into Bitcoin, gold and silver.

And that should tell you everything.

I’ll see you in the markets.

Chris Pulver

Chris Pulver Trading

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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

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