On January 27th, according to CoinDesk, the current Bitcoin-to-silver exchange rate is around 780. This level is lower than the peak when Bitcoin reached $20,000 in 2017 and is close to the level in November 2022, when the ratio dropped to around 700 and Bitcoin bottomed out near $15,500. This renewed convergence of the ratio suggests that silver may be entering a more vulnerable phase relative to Bitcoin.
Historically, silver's cyclical peaks have tended to occur at the beginning of each year, mostly in the first half. This historical pattern poses a potential risk signal for current silver price movements. If history repeats itself, silver may have already reached the high point of this cycle, or even peaked.
