A “flippening” that no one expected? Silver has become more volatile than Bitcoin (BTC), experiencing parabolic growth in recent weeks. What to make of this?
Silver more unstable than Bitcoin in recent weeks
The price of silver has risen sharply in recent weeks, breaking new records every day. The metal is in high demand and its rise comes amid renewed appetite for precious metals.
As a result, silver is now more volatile than Bitcoin, according to the relative volatility index (RVI), which has an average of 50. Silver’s RVI has exceeded 80 several times in recent weeks, indicating high volatility.
As for Bitcoin, its volatility tends to fluctuate within a range of 30 (low volatility) to 60, without the large price movements seen in silver:
This is a notable change: in recent years, silver has been considered a low-volatility asset, until the last few weeks when it reversed the trend. In contrast, Bitcoin (BTC) often exhibits high volatility, which has been less prevalent in recent months.
The evolution of silver and Bitcoin
Over the year, Bitcoin has lost 6%. Over the same period, silver has risen by 157%. It is now the third most capitalized asset in the world. BTC remains the eighth most capitalized asset in the world.
Silver is skyrocketing in the wake of gold, as investors are attracted to precious metals, which are considered less risky in an uncertain geopolitical landscape. Conversely, Bitcoin, which set new records in 2025, seems to have entered a phase of consolidation that could be long-lasting.
