Gold and silver prices have delivered remarkable strength in recent months as demand continued to climb across global markets. At the time of writing, gold trades near $5,000 and silver near $77 after both metals reached record highs close to $5,600 and $121.
Momentum of that scale often creates confidence in further upside, yet a developing shift in global finance now introduces a very different risk for precious metals.
A market update shared by Ash Crypto outlines how a potential geopolitical realignment tied to Russia and the United States could reshape currency demand and capital flows.
This change centers on renewed interest in the US dollar after several years dominated by the de-dollarization narrative that supported gold and silver accumulation.
Ash Crypto explains that multiple countries reduced exposure to dollar assets during the past few years, which contributed to weakness in the dollar index and encouraged reserve diversification into precious metals. Gold and silver benefited from this environment as nations sold Treasuries and increased metal holdings to hedge currency uncertainty.
New discussion around a Russia shift toward dollar-based settlement introduces the opposite dynamic. Rising demand for the US dollar would strengthen the currency and weaken the debasement narrative that helped metals reach historic highs. Strong dollar periods have often coincided with softer performance across commodities, particularly gold and silver.
Ash Crypto frames this policy transition as a possible end to the macro trade that powered the recent metal rally. Loss of that structural support could expose gold and silver to a prolonged corrective phase that extends beyond normal volatility.
Stronger Dollar Outlook May Pressure Metals But Create Stability For Risk Assets
Ash Crypto also connects the dollar outlook to broader financial markets. Greater energy supply tied to cooperation between Russia and the United States could reduce inflation pressure and create clearer monetary expectations. Lower inflation uncertainty may limit aggressive policy tightening, which introduces a different environment for equities and crypto assets.
Historical context shows that risk assets can perform even during restrictive policy conditions when future direction becomes clearer. Certainty around inflation and rates often supports investment flows into growth-oriented markets. Ash Crypto therefore views the long term effect on equities and crypto as potentially constructive despite short term pressure from dollar strength.
🚨 THIS IS BAD FOR METALS AND EQUITIES
— Ash Crypto (@AshCrypto) February 13, 2026
Yesterday, it was reported that Russia is considering moving back to the US dollar as part of a wide-ranging economic partnership with President Trump.
In the past 3–4 years, Russia has strongly advocated reducing reliance on the USD,… pic.twitter.com/t6AAvnMikR
Gold and silver face a different challenge because their strongest rallies often depend on currency instability and inflation concern. Removal of those drivers could shift capital toward assets that benefit from economic clarity instead of monetary fear.
Read Also: Litecoin (LTC) Prints Rare Bullish Structure That Previously Led to Massive Rallies
Precious metals still hold deep historical value and global trust as reserve instruments. Multi-year decline scenarios depend on whether the dollar truly regains structural dominance and whether geopolitical alignment continues to evolve. Ash Crypto presents the current moment as an early warning rather than a confirmed outcome.
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