BlockBeats News, January 27th, according to CoinDesk reports, currently, the exchange rate between Bitcoin and silver is about 780. This level has fallen below the peak of $20,000 for Bitcoin in 2017 and is close to the level in November 2022, when the ratio dropped to about 700, and Bitcoin bottomed out near $15,500. The re-convergence of this ratio suggests that silver relative to Bitcoin may be entering a more fragile stage.
Historically, silver’s cyclical top often occurs at the beginning of each year, mostly in the first half of the year. This historical pattern poses a potential risk signal for the current silver price trend. If history repeats itself, silver may have already reached the high point of this cycle, and it is even possible that it has already peaked.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
