https://sputnikglobe.com/20251217/bitcoin-trails-golds-approach-of-record-highs-but-silver-true-outlier-1123311225.html
Bitcoin Trails Gold’s Approach to Record Highs, But Silver True Outlier
Bitcoin Trails Gold’s Approach to Record Highs, But Silver True Outlier
Sputnik International
Bitcoin is struggling to hold to mid-$80,000 levels, while gold nears record highs, though the real outlier of the three is silver with its multiple double-digit gains over the past four months, relative performance of the assets show.
2025-12-17T09:19+0000
2025-12-17T09:19+0000
2025-12-17T10:42+0000
economy
business
bitcoin
crypto currency
gold
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Historically, Bitcoin has often been framed as a competitor to gold and is likened sometimes to "digital gold", during periods of heightened macro uncertainty. This has allowed Bitcoin to behave as a risk-on asset correlated with equities during periods of growth, and as a safe haven for investors during difficult times. But the macro headwinds of 2025, triggered by elevated real interest rates, has resulted in a liquidation of equities, particularly tech stocks, turning Bitcoin into a poor-performing risk asset unable to make the transition to a safe haven. Although the 10-year US Treasury yield has softened slightly to around 4.15% in mid-December from its January highs, it remains high enough to pressure non-yielding speculative assets like Bitcoin. Simultaneously, the US Dollar Index has slipped below the psychological 100-point mark, hovering around 98.10. While a weaker dollar typically supports Bitcoin, the digital asset failed to capitalize on the dollar's decline, remaining tied to Nasdaq volatility and the AI-fatigue seen in big tech. As such, after a brief hold at above $90,000, Bitcoin is again exhibiting vulnerability of the past two months, hovering at around $87,000 in Wednesday’s early trading in Asia. At that level, its month-to-date loss stands at 3%, adding to its cumulative 21% drop over the prior two months. Year-to-date, Bitcoin is down 7%. Gold, in contrast, is closing in on record highs, with futures of the precious metal hovering at around $4,380 an ounce while its spot price holds at over $4,318, compared to all-time highs of $4,398 and $4,381.60, respectively. Both gold futures and spot gold are up 2% for December after a cumulative 25% gain over four previous months. Year-to-date, spot and gold futures are up 64% each. But silver has outstripped both rivals in recent months, with futures trading at over $66 an ounce and the spot price at above $65. With these prices, silver has decisively broken its 45-year psychological ceiling of $50 an ounce and is trading as a unique hybrid of industrial essential and monetary hedge. In three of the past four months, silver has recorded double-digit gains, resulting in year-to-date returns of 125% for futures and 128% in the spot market. Davis noted that silver’s critical role in the global energy transition, thanks to the production of solar panels, electric vehicles and high-tech electronics, including AI data centers, has made the metal almost indispensable. The combination of record industrial use and constrained supply is causing silver inventories to plummet, creating a classic "squeeze" and driving prices vertically, he added.
https://sputnikglobe.com/20251209/bitcoins-make-or-break-for-2025-could-depend-if-fed-cuts-or-holds---analyst-1123263087.html
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bitcoin performance, cryptocurrency markets, gold value
bitcoin performance, cryptocurrency markets, gold value
Bitcoin Trails Gold’s Approach to Record Highs, But Silver True Outlier
09:19 GMT 17.12.2025 (Updated: 10:42 GMT 17.12.2025) WASHINGTON (Sputnik) - Bitcoin is struggling to hold to mid-$80,000 levels, while gold nears record highs, though the real outlier of the three is silver with its multiple double-digit gains over the past four months, relative performance of the assets show.
Historically, Bitcoin has often been framed as a competitor to gold and is likened sometimes to "digital gold", during periods of heightened macro uncertainty. This has allowed Bitcoin to behave as a risk-on asset correlated with equities during periods of growth, and as a safe haven for investors during difficult times.
But the macro headwinds of 2025, triggered by elevated real interest rates, has resulted in a liquidation of equities, particularly tech stocks, turning Bitcoin into a poor-performing risk asset unable to make the transition to a safe haven.
Although the 10-year US Treasury yield has softened slightly to around 4.15% in mid-December from its January highs, it remains high enough to pressure non-yielding speculative assets like Bitcoin.
Simultaneously, the US Dollar Index has slipped below the psychological 100-point mark, hovering around 98.10. While a weaker dollar typically supports Bitcoin, the digital asset failed to capitalize on the dollar's decline, remaining tied to Nasdaq volatility and the AI-fatigue seen in big tech.
As such, after a brief hold at above $90,000, Bitcoin is again exhibiting vulnerability of the past two months, hovering at around $87,000 in Wednesday’s early trading in Asia. At that level, its month-to-date loss stands at 3%, adding to its cumulative 21% drop over the prior two months. Year-to-date, Bitcoin is down 7%.
Gold, in contrast, is closing in on record highs, with futures of the precious metal hovering at around $4,380 an ounce while its spot price holds at over $4,318, compared to all-time highs of $4,398 and $4,381.60, respectively. Both gold futures and spot gold are up 2% for December after a cumulative 25% gain over four previous months. Year-to-date, spot and gold futures are up 64% each.
But silver has outstripped both rivals in recent months, with futures trading at over $66 an ounce and the spot price at above $65. With these prices, silver has decisively broken its 45-year psychological ceiling of $50 an ounce and is trading as a unique hybrid of industrial essential and monetary hedge. In three of the past four months, silver has recorded double-digit gains, resulting in year-to-date returns of 125% for futures and 128% in the spot market.
"Silver is the clear outperformer," Phil Davis, markets analyst at PSW Investments, told Sputnik. "It has experienced a massive, perhaps parabolic, rally in late 2025, with double-digit percentage gains in December alone and a year-to-date performance far outpacing both gold and Bitcoin."
Davis noted that silver’s critical role in the global energy transition, thanks to the production of solar panels, electric vehicles and high-tech electronics, including AI data centers, has made the metal almost indispensable.
"Mine production of silver has remained stubbornly flat, leading to a persistent, multi-year supply deficit," Davis said.
The combination of record industrial use and constrained supply is causing silver inventories to plummet, creating a classic "squeeze" and driving prices vertically, he added.
