Stocks had a strong month, ranging from +2.78% (Dow) to +8.36% for the tech-heavy NASDAQ, as earnings reports for the tech and “AI” mega-stocks (the Magnificent 7) were up by an average 60%. However, silver fared well throughout the month as gold dropped slightly, creating a strong buying opportunity for investors – a perfect example of why you should be ready to “Buy On The Dips!”
These moves have been speculative rather than market-driven as the demand for gold is increasing, with central banks continuing to add to their stockpiles. In fact, central bank gold buying increased 17% in the first quarter of 2026.
Silver was the big winner among precious metals in May, while the other metals (as well as crude oil, gasoline and Bitcoin) declined. The U.S. Dollar Index was flat in May and year to date.
In addition, Bitcoin was down 3.6% in May and down 15.9% year-to-date.
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