Silver's ‘great rotation': Tech selloff to fuel rush into precious metals, says Jen Bawden

Fund manager Jen Bawden argues a “great rotation” from overvalued tech stocks into hard assets is likely, calling this bullish for silver (XAGUSD). Silver remains stuck below $80/oz but could benefit as investors flee equities amid rising geopolitical risks, commodity shortages and inflationary pressures. Key drivers include oil above $100/barrel boosting mining costs and inflation, 30-year Treasury yields holding above 5% that punish high-valuation tech names (e.g., Tesla, Nvidia), and Fed actions (expected short-term rate cuts alongside balance-sheet reduction) that could drain liquidity from paper assets. The net market impact would be stronger demand and price support for physical silver and gold, potential outflows from growth tech stocks, and tighter supply-driven upside for metals.