
Silver > Gold > Bitcoin

After a significant rise and hitting a new high on Friday, silver's excellent performance relative to gold further expanded, bringing the gold-silver ratio down to 76 times (Figure 1 shows it approaching a key support level); meanwhile, gold outperformed Bitcoin, causing the Bitcoin/gold trading pair to drop to its worst monthly performance since November 2022 and its lowest level since January 2024 (Figure 2)
After a significant rise on Friday, the excellent performance of silver relative to gold further expanded, bringing the gold-silver ratio down to 76 times (Figure 1 shows it approaching a key support level);
Meanwhile, gold outperformed Bitcoin, causing the Bitcoin/gold trading pair to drop to its worst monthly performance since November 2022 and its lowest level since January 2024 (Figure 2).


