Silver Price Surge Sparks Warning: Is Bitcoin's Outperformance Era Ending?
Silver prices have been on a tear this month, rallying from below $60 per ounce to over $66. The metal is now trading around $64 at press time.
This recent surge has led one analyst, Northstar, to warn that Bitcoin's outperformance era may be coming to an end. In a chart shared by Northstar, the silver/Bitcoin ratio (XAGUSD divided by BTCUSD) on a monthly timeframe shows a decade-long compression of the ratio.
The long-term trend has overwhelmingly favored Bitcoin, but since 2017, it has not outperformed silver. The current setup is more significant than a daily technical breakout, with two prominent black trendlines converging around 2026.