Gold has completed the double top formation but profit taking is still showing in metals. Meanwhile Bitcoin has punched up to a fresh two-month high and the gold alternative is showing bullish price action on shorter terms charts.$BTC $BTC The overbought trend in gold has finally found profit taking and alongside that move Bitcoin prices have shown greater signs of recovery with a fresh two-week high. Gold has been in an aggressive bullish trend since last February and there’s been two distinct digestion periods, both of which were bull flag formations, and as those built, Bitcoin prices jumped up to 105k and 120k. Now 105k has held as key support, and if we do see continued consolidation in gold, BTC/USD can stand to benefit from anti-fiat flows going into a less overbought market.
It's not gold. Silver is the metal that's been quietly making the strongest surge in the market recently. And what's noteworthy is that this increase isn't due to FOMO, but rather to very real, very "solid" driving forces.
Silver is not just a safe-haven asset – it's a strategic raw material. While gold is mostly kept in safes and reserves, silver is genuinely "consumed." More than 50% of global silver demand comes from industry: Solar panels, Electric vehicles,Semiconductor chips. High-tech medical and electronic equipment. The energy transition isn't a trend – it's a mandatory policy, and silver is an irreplaceable metal in many core applications.
Supply can't keep up with demand – a persistent shortage. Contrary to the belief that "mining more metals will solve the problem," global silver production has remained almost stagnant for many years. New mines are difficult to open and expensive. Silver is mainly a byproduct of copper, lead, and zinc mining, making it impossible to increase production arbitrarily. Meanwhile, industrial demand is steadily and sustainably increasing, creating a prolonged physical deficit – something that financial markets cannot fake.
Silver is historically undervalued compared to gold. The Gold-Silver Ratio (gold/silver) has previously exceeded extreme levels. This implicitly suggests that silver is significantly cheaper than its true value compared to gold. In previous cycles, whenever this ratio reversed, silver typically rose faster and more strongly than gold – because it is both a precious metal and an industrial commodity.
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