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What could stop the commodities' bullish trend?

D
Jan 28, 2026 · 23:25

Commodities (gold, silver, copper especially) are rising a lot this last year. As long as the current US policies in economy and diplomacy are in effect, they will continue their tendency to beat the S&P 500 daily. I've seen people shorting their positions irl, yet the run continues like there's no tomorrow.

But what could be the potential triggers for a halt in this trend? The midterm elections this year? Only the presidential one in 2028? Or could the current government get back on track and gain momentum once again on its own?

Also, still on a similar topic: what could be a reason to trigger a reversal in this trend? Could gold and silver especially be likely to go back to their respective 2024 levels in the foreseeable future?