Silver Surges in Volatility While Bitcoin Remains Stagnant
- Bitcoin’s annualized 30-day realized volatility is at 45%, below its one-year average of 48%.
- Silver’s realized volatility has increased to the mid-50s, correlating with a price increase of over 151% this year.
- Bitcoin is currently trading nearly $30,000 below its all-time high of over $126,000 reached in October.
- China’s new export licensing for silver starting January is expected to tighten supply further.
- Traders assign a roughly 70% probability that Bitcoin will hold above $86,000 through early January.
The contrasting volatility trends highlight market sentiment differences between Bitcoin and silver, with the latter experiencing significant demand from industries like solar energy and electric vehicles while Bitcoin struggles with declining interest in spot ETFs.
As silver continues to rise sharply amid supply constraints, Bitcoin remains under pressure, reflecting a lack of conviction among traders as it hovers around $87,400.(Source)
