A “flippening” no one saw coming? Silver has become more volatile than Bitcoin (BTC), experiencing a parabolic rise in recent weeks. What does this mean?
Silver more volatile than Bitcoin in recent weeks
The price of silver has risen sharply in recent weeks, setting new records every day. The metal is in high demand, and its rise comes amid a 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 the 80 threshold several times in recent weeks, indicating high volatility.
As for Bitcoin, its volatility tends to fluctuate within a range between 30 (low volatility) and 60, without the sharp price movements seen in silver:
The price of silver and its volatility (in purple) in recent weeks
This is a notable change: in recent years, silver has been considered an asset with low volatility, until recent weeks when it reversed the trend. By contrast, Bitcoin (BTC) often exhibits high volatility, which has been less pronounced in recent months.
Trends in Silver and Bitcoin
Over the past year, Bitcoin has lost 6%. Over the same period, silver has risen by 157%. It is now the third-largest asset by market capitalization in the world. BTC, meanwhile, remains the eighth-largest asset by market capitalization in the world.
Silver is surging in the wake of gold, driven by investor interest in precious metals, which are viewed as less risky in an uncertain geopolitical landscape. Conversely, after hitting new records in 2025, Bitcoin appears to have entered a consolidation phase that could be sustained.
