arXiv:2610.29864v1 Announce Type: new Abstract: We study gradient flow in a two-layer linear network in the high-dimensional regime where the input, inner and output dimensions diverge proportionally. Under whitened inputs and isotropic imbalance, we combine a closed-form solution of the dynamics with prior random matrix theory results to derive a high-dimensional limit for the dynamics. Our method yields exact asymptotic spectral distributions for the weight matrices at all times and characterizes the evolution of the learned subspace. In the small-initialization limit, we identify a silent alignment phenomenon: the singular directions of the network align on an order-one timescale, while the singular values and empirical loss remain at their initial values. Visible learning occurs later, on a logarithmic timescale, as singular values progressively escape zero and the loss decreases. This phase is characterized by a saddle-to-saddle dynamics, which becomes a continuous process of spectral learning in the high-dimensional limit.