Silver Hits Record $63 as Crypto Market Retreats, Bitcoin Slides
Silver climbed to a record $63 per ounce today, marking a fresh high for the metal as traders bid into safe-haven and industrial demand narratives. At the same time the broader crypto market slipped 2.74% over the past 24 hours, and every one of the top 20 coins excluding stablecoins traded in the red — Bitcoin included, dipping alongside other major tokens.
The split matters because it hints at a short-term rotation of capital toward tangible assets as risk sentiment cools. For Bitcoin, the pullback could reflect profit-taking or a temporary flight to perceived safety in metals; conversely, rising silver also points to macro factors like inflation expectations and industrial demand that don't map neatly onto crypto flows. Traders should watch inflows, correlation shifts, and macro headlines to judge whether this is a transient rotation or the start of a broader risk-off phase.