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Gold-Silver Ratio Falls to Lowest Level Since 2014

Gold and silver gains pressured Bitcoin, with key Bitcoin-metal ratios hitting multi-year lows amid shifting commodity market dynamics.

BTC

Summary

As gold and silver prices surged, Bitcoin remained flat, driving the Bitcoin-silver ratio down to 1,104, its lowest since September 2023 and 67% lower than in May. The Bitcoin-gold ratio dropped to 19, the lowest since November 2023, down 50% since January. These shifts reflect underperformance of Bitcoin relative to precious metals.

Terms & Concepts
  • Gold-Silver Ratio: A measure comparing the price of gold to the price of silver, indicating how many ounces of silver are needed to buy one ounce of gold.
  • Bitcoin-Gold Ratio: A metric showing how many ounces of gold can be bought with one Bitcoin, used to compare Bitcoin’s value relative to gold.
  • Bitcoin-Silver Ratio: A metric indicating how many ounces of silver can be purchased with one Bitcoin, used to assess Bitcoin’s value relative to silver.