Silver’s Recent Price Action Mirrors Bitcoin’s Volatility
Silver experienced extreme volatility over the weekend, spiking 6% and plunging 10%, mirroring crypto-like price swings.Summary
The price of silver recently exhibited extreme volatility, hitting a record high near $84 on Sunday before dropping 10% within 70 minutes, a movement described as mirroring Bitcoin's erratic behavior. This surge coincided with gold also reaching new highs. While precious metals are typically stable, silver is the more volatile of the two. The upward pressure on silver and gold is partly attributed to expectations of significant interest rate cuts following the 2026 transition to a new Federal Reserve chair aligned with President Trump, which would decrease bond returns and encourage investment in commodities. Furthermore, industrial demand and a lack of confidence in the US dollar due to monetary inflation support silver prices. In contrast, the broader crypto market, including Bitcoin (BTC), has been flat in December, with BTC struggling to maintain gains despite an earlier October ATH.
(Source：Cointelegraph)