Missed Gold; missed Silver? This metal could be the next to explode [Video]

Markets rarely announce their biggest opportunities in advance. They move quietly at first, rewarding those paying close attention and leaving the rest to chase headlines once the gains are gone. 

Over the past year, Gold and Silver have already delivered once-in-a-generation moves, reshaping portfolios and catching many traders flat-footed. Capital flowed early, positions were established decisively and by the time consensus formed, prices had already reset higher. 

Now, as the global Commodities complex enters a decisive new phase, another metal is beginning to break free from obscurity. It sits at the heart of artificial intelligence, electrification and the global energy system – yet remains materially underowned and widely misunderstood. According to analysts at The Gold & Silver Club, the early stages of a powerful repricing are already underway and one metal stands apart as the most underappreciated opportunity of 2026. 

That metal is copper. 

Copper’s second secular bull market of this century has exploded into 2026 with unprecedented force. Prices surged above $14,500 per metric ton for the first time ever, soaring more than 11% in a single session – the largest one-day gain in history. Since December, Copper has risen approximately 24%, surprising even seasoned metals traders. 

Unlike speculative rallies of the past, this move reflects a structural shift. Copper is embedded in almost every modern electrical system – from power grids and motors to batteries and renewable infrastructure. Its reputation as “Dr Copper”, a real-time gauge of global economic health, has never been more relevant. 

According to Lars Hansen, Head of Research at The Gold & Silver Club, Copper’s relative mispricing is becoming impossible to ignore. 

“Copper is significantly undervalued compared to other metals in the complex, particularly Precious Metals,” Hansen says. “If Copper were to follow even a conservative version of Gold’s trajectory –  which has more than doubled over the past 12 months – we could be one supply disruption away from $21,000 per metric ton.” 

The catalyst is not sentiment. It is mathematics. 

Global Copper demand currently stands near 25 million tonnes per year. Achieving net-zero targets by 2050 will require that figure to double to nearly 50 million tonnes. The strongest demand growth comes from three structural forces reshaping the global economy.

Electrification and electric vehicles are the first. Each EV requires between 60 and 90 kilograms of Copper, roughly four times that of traditional combustion vehicles. As adoption accelerates, Copper intensity rises sharply. 

The second driver is artificial intelligence. Data centres powering AI are expected to require an additional one million metric tons of Copper over the next three years, driven by massive grid upgrades and power-hungry server infrastructure. 

The third – and most dangerous – factor is supply. Years of underinvestment, deteriorating ore grades, scarce new discoveries and rising geopolitical risk have created what analysts at The Gold & Silver Club describe as a triple deficit: low inventories, low spare capacity and chronically low capital expenditure. New large-scale copper mines are not only expensive – they are increasingly difficult to permit. 

These are not short-term imbalances. They are long-duration structural constraints colliding with long-duration demand. As supply tightens further, pricing power shifts decisively toward producers and prices adjust violently. 

Copper is not alone. Other green-energy and industrial metals including Lithium, Cobalt, Nickel, Zinc, Iron Ore, Uranium and Aluminium have already posted historic moves on low inventories. Aluminium recently recorded its biggest intraday gain since 1987. 

Yet copper remains the backbone of this cycle and the one most traders have yet to fully price. 

For now, much of the market remains fixated on Gold’s extraordinary run. But institutional capital is already rotating. Copper positions are being built quietly, ahead of what many believe could become the defining industrial bull market of the decade. 

Because once Copper truly breaks out, liquidity will tighten, positioning will crowd and today’s valuations will disappear. 

As Hansen puts it: “If you missed Gold’s move, Copper may be your second chance and this time, the upside could be even greater.” 

In markets that reward speed and punish hesitation, this is one opportunity traders cannot afford to watch from the sidelines. The only question now is whether you will seize this opportunity before Copper leaves you behind? 

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: