Silver overtakes bitcoin’s post-2017 gains as price blows past $115

In a historic and fundamentally significant shift in the commodities landscape, physical silver prices have vaulted past the unprecedented $115 per ounce level. This monumental ascent not only shatters previous inflation-adjusted records but, crucially, means silver’s total percentage gains recorded since the beginning of 2018 have officially eclipsed those achieved by the leading digital asset, Bitcoin (BTC), over the same period.

Market analysis indicates the dramatic price action is the result of a ‘perfect storm’ of converging economic and industrial factors. While Bitcoin experienced volatility and consolidation after its massive run-up to 2021, silver has benefited immensely from soaring intrinsic demand, coupled with massive capital rotation away from highly volatile digital assets.

Driving the spectacular rally is the exponential acceleration of industrial demand. Silver is a critical component in photovoltaic technology and electric vehicle (EV) batteries. Global governmental mandates favoring green energy transition have created a demand shock that current mining supply cannot meet. Analysts estimate the industrial segment now consumes nearly 70% of annual silver production, creating severe structural deficits.

Simultaneously, silver has been strongly embraced as the primary hedge against persistent, aggressive global inflation. As central banks worldwide continue expansionary policies, investors seeking tangible, finite stores of value have abandoned traditional instruments for hard assets. The ease of access and historical role of silver as ‘the poor man’s gold’ has amplified investor interest, especially among retail participants.

Economists warn that while current momentum is strong, the speed of the ascent suggests potential short-term volatility. However, the underlying supply constraints and sustained industrial adoption suggest that $115 may serve as a new floor, signaling the beginning of a sustained bull market for the metal.

Source: Silver overtakes bitcoin’s post-2017 gains as price blows past $115