Bitcoin’s volatility has cooled as market conviction wanes, while silver’s volatility has surged due to physical supply constraints and rising demand for eco-friendly technologies. Bitcoin’s one-month realized volatility has hovered in the mid-40s percentage range, with TradingView listing about 45% and well below the 365-day average of roughly 48%. This divergence underscores a shift in macro risk signaling toward metals rather than crypto. Silver’s realized volatility has climbed into the mid-50s as the market grapples with limited physical supply.
Year-to-date, silver has surged more than 1,575%, driven by demand for green tech and export restrictions in China. The broader cryptocurrency market remains unsettled due to ETF outflows, tax-related positioning, and thin liquidity around holidays. Traders, however, are signaling macro risk via metals rather than crypto.
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