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Silver hits a new all-time high at $63 amid crypto market decline
Silver surged sharply today to $63 per ounce. This is a new all-time high for the precious metal. At the same time, the digital asset market showed negative dynamics. Over the past 24 hours, total market cap declined by 2.74%. Almost all top-20 coins, except stablecoins, are in the red.
Such a sharp divergence in performance indicates a shift in capital flows. Traditionally, such shifts are viewed as a classic signal of risk-off sentiment. However, some analysts believe that the current situation may indicate the opposite.
Fundamental reasons for silver’s rise
The precious metal continued its global upward trend. Another milestone was reached during early Asian trading. According to Companies Market Cap, silver ranks sixth among global assets. Its market capitalization is $3.5 trillion.
The Kobeissi Letter highlights the uniqueness of the current situation. The metal shows the strongest 12-month performance since 1979.
“The current silver price rally turns the figures of 2020 and 2008 into statistical noise. A new era of monetary policy is unfolding,” the report states.
As the rally accelerates, investors are once again seeking safe-haven assets. A trader known as Michael believes that this spike is driven not just by demand but by “desperation.” He emphasized that physical silver ETFs absorbed more than 15.3 million ounces in just four days. This became the second-largest weekly inflow in 2025.
“Silver ETFs are showing their tenth consecutive monthly inflow, something that previously happened only during periods of systemic stress,” he added.
The world’s largest silver fund, SLV, recorded a weekly inflow of nearly $1 billion. This exceeds the inflows seen in major gold funds. According to the analyst, the reasons for the rapid rise go far beyond retail hype or inflation fears.
The causes lie in a loss of confidence in the global monetary system from within. Silver becomes the only asset at the intersection of two crises. First, there is a pursuit of hard assets amid rising sovereign debt. Second, there is an acute industrial shortage. It is driven by AI infrastructure expansion, solar energy growth, EV adoption, and semiconductor demand.
When financial uncertainty meets physical scarcity, the price doesn’t simply rise. It disconnects from usual correlations. This signals a deep systemic fracture rather than a typical market rally.
Bitcoin’s underperformance against precious metals
Weak crypto market performance sharply contrasts with silver’s surge. Data from BeInCrypto Markets shows that the largest cryptocurrency lost more than 2% over the past day, continuing a broader downtrend.
Analyst Maartun noted that in 2025 silver becomes the absolute leader, outperforming even gold. Bitcoin, in contrast, lags behind precious metals and major stock indices, including the S&P 500 and Nasdaq.
“Over the past four years Bitcoin has been destroyed relative to silver. It has lost more than half of its value expressed in this metal,” economist Peter Schiff remarked.
Comparison of year-to-date performance showing silver’s rise versus bitcoin’s decline. Source: X/JA Maartun
This dynamic indicates growing risk-aversion sentiment. When uncertainty intensifies, investors often turn to traditional safe-haven assets. Silver and gold have played this role for centuries.
An alternative view of market cycles
However, some experts interpret the silver rally differently. They see it not as a flight to safety but as a sign of investor risk appetite. Crypto analyst Ran Neuner offers a counterintuitive view. In his opinion, the current market environment favors risk assets.
“The market is in a FULL risk-on mode right now, and most people don’t see it because Bitcoin is moving sideways! Silver is at all-time highs. It has broken out and is accelerating. Silver is ‘beta gold,’ and its rise indicates risk appetite!” he said.
Neuner also pointed to the ETH/BTC ratio. It has moved above the 50-week simple moving average, signaling renewed interest in altcoins. As further evidence of a broad risk-on environment, he cited the breakout of the Russell 2000 index and the recent policy pivot by the Federal Reserve.
The analyst argues that BTC sellers will soon exhaust themselves. After that, a large-scale catch-up rally will begin. All indicators point in the same direction. Other experts also expect renewed bitcoin demand. The realization of this scenario depends on the preservation of market trends and buyer activity in the near future.
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