Some of my takes on gold & silver.
There is a subset of gold & silver investors here whom I will call "Bitcoin-adjacent metal investors".
— Ryan Orry Lang (@orryano) January 28, 2026
These are people who believe in the same things Bitcoiners do (e.g. fiat currency collapse, hyperinflation), but simply opt for gold & silver as their medium of expression.
At… https://t.co/skE6MenUee
Silver in the East is diverging from the West
— Ryan Orry Lang (@orryano) January 16, 2026
Silver price in physical ounces is diverging from paper ounces
Silver price trend is diverging from gold
The Bankers are telling you, "We can do whatever we want. Don't you dare publicly question the credibility of the Fed again."#gold #silver
— Ryan Orry Lang (@orryano) February 2, 2026
Hot take: The rise in gold and silver has less to do with hyperinflation and more to do with significant demand, largely from countries in emerging markets.
— Ryan Orry Lang (@orryano) December 24, 2025
This isn't the 1970s anymore when there were only a few productive countries in the global economy.
I thought this was obvious with however many slams they've unleashed by now.
— Ryan Orry Lang (@orryano) January 28, 2026
The prices almost always get dragged back up when the markets open in Asia. https://t.co/DtPmNw8JiA
I find it curious how:
— Ryan Orry Lang (@orryano) February 12, 2026
1. Silver price slams in February seem to occur more often during Eastern trading hours, unlike in the past few months
2. SGE/SHFE silver inventory is reportedly depleting to amounts that could disappear within days/weeks
3. CNY holiday starts next week
Narratives I accept about why silver prices are up:
— Ryan Orry Lang (@orryano) January 19, 2026
1. High physical demand
2. Low supply
3. Paper price suppression not working because of 1 and 2
Narratives I don’t currently accept:
4. Fiat currency collapse
5. Hyperinflation
6. Impending economic doomsday
As invested as I am in metals, I can’t accept the narrative that the US Dollar will collapse.
— Ryan Orry Lang (@orryano) February 7, 2026
This is what gets some cryptocoiners in trouble - they keep buying, betting on something that isn't coming.
Don’t underestimate the US Dollar - it can weaken, but it's highly adaptive.
This silver coin is selling at about USD 77/oz today in Vancouver.
— Ryan Orry Lang (@orryano) January 2, 2026
Meanwhile, parts of China and Japan are (rumoured to be) selling physical silver at upwards of USD 90+/oz 🤔
Spot price is at around USD 72/oz today. pic.twitter.com/8LcWZ1Rig9
The tug-of-war between East and West continues. #silver
— Ryan Orry Lang (@orryano) December 30, 2025
Sunday, Dec 28, ≈7 p.m. PST
Silver ≈USD 80/oz
(Asian markets open)
Monday, Dec 29, ≈7 a.m. PST
Silver ≈USD 71/oz
(Asian markets closed)
Monday, Dec 29, ≈10 p.m. PST
Silver ≈USD 75/oz
(Asian markets open) pic.twitter.com/LnfPy1dcIp
The average retail physical silver investors in North America are small potatoes.
— Ryan Orry Lang (@orryano) January 27, 2026
The current main drivers in silver prices are demand/supply issues in emerging markets (governments and factories).
I have to discount arguments about silver prices that are too US-centric...
I doubt currency debasement is a major reason for the surge in gold and silver, because their demand is international and it doesn't make sense to say that 100+ currencies are debasing at the same time.
— Ryan Orry Lang (@orryano) December 26, 2025
I believe demand from emerging markets remains the key factor.
For silver…
I think one reason why gold has seen such increase is because its current demand is so international that it has become uncontrollable.
— Ryan Orry Lang (@orryano) October 20, 2025
In Asia, skepticism is higher when it comes to the stock market or Bitcoin. People also lack easy access to invest in them directly.
But gold…