Silver’s Recent Price Action Mirrors Bitcoin’s Volatility

The price of silver continues to hit new highs amid a bullish precious metals market, with the asset trading in crypto-like fashion with heightened volatility over the weekend.

silver Kill A new all-time high (ATH) of around $84 was hit on Sunday, US time, as well as demand for gold pushed the price to a new high of around $4,530. Meanwhile, the crypto market continues to decline.

As reported in a Sunday post by markets publication The Kobe Letter, silver saw extreme volatility over the weekend, rising 6% and then falling 10% in the span of an hour.

“Complete Madness in Silver Right Now: At 6:20 pm ET, just 20 minutes after futures opened, silver prices rose +6% to a record high of $83.75. By 7:30 pm ET, silver prices had dropped -10% of their value in 70 minutes to a low of $75.15.”

Silver is fluctuating like BTC

While the prices of precious metals like silver and gold are generally considered to be more stable, silver is the more volatile of the two.

With a new US Federal Reserve chair replacing Jerome Powell in 2026, there are expectations of a key interest rate cut under a less aggressive and more President Trump-aligned presidency.

Lower rates indicate lower returns from investing in bonds, making investors more likely to invest in commodities like gold and silver.

Connected: Analysts Say Bitcoin Doesn’t Need Gold and Silver to Slow Down

Additionally, demand for silver has also increased due to its industrial use to make a wide range of products and is part of the “debasement trade”, which refers to the faltering of long-term confidence in the US dollar due to monetary inflation.

Bitcoin is yet to rise

While silver and gold are rising partially due to anticipated rate cuts, Bitcoin (BTC) and crypto markets have been flat in December with BTC leading the way. Below It is up 0.5% over the past 30 days to $90,160 at the time of writing, according to CoinGecko data.