Silver Prices Reach All-Time High — What Does It Mean for Bitcoin?

Jakarta, Pintu News – Silver prices surged to $63 per ounce on December 11, setting an all-time record high for the precious metal. In contrast, the crypto market fell by 2.74% in 24 hours (11/12), with all of the top 20 cryptocurrencies-except stablecoins-declining.

This sharp difference in performance suggests a shift in capital flows. While this kind of movement is usually considered a classic “risk-off” signal, some analysts argue that it could indicate the opposite.

Why is the price of silver rising?

Silver prices continued their upward trend today, reaching a new milestone by hitting a record high during the early trading session in Asia. Based on data from Companies Market Cap, silver now ranks sixth as a global asset with a market capitalization of $3.5 trillion.

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According to the latest commentary from The Kobeissi Letter, silver is on track to record its strongest 12-month performance since 1979.

“The current rise in silver prices makes the 2020 and 2008 rallies look like rounding errors. A new era of monetary policy is coming,” thestatement read.

As this rally accelerates, people are again flocking to hedge assets. But what exactly is driving the surge in demand for silver? According to a trader named Michael, the surge is not due to increased demand, but rather “desperation.”

He highlighted that physical silver-based ETFs absorbed more than 15.3 million ounces in just four days-making it the second-largest weekly inflow through 2025.

Furthermore, Michael noted that this figure almost equaled the total addition of 15.7 million ounces throughout November.

“The silver ETF has now recorded its 10th consecutive monthly inflow, something that previously only happened during times of systemic crisis,” he added.

The world’s largest silver ETF, SLV, reportedly received nearly $1 billion in flows in a single week, surpassing even the flows to the large gold ETFs. According to Michael, the factors behind this rapid rise in silver prices go far beyond retail enthusiasm or inflation concerns. He states that:

“The global monetary system is slowly but surely losing confidence, quietly, rapidly, and from within.”

Silver, according to him, is the only asset that is at the crossroads of two crises:

• A scramble for real assets amidst a surge in sovereign debt that exceeds safe limits.
• Persistent industry shortages, driven by AI infrastructure, solar energy expansion, electric vehicle (EV) adoption, and semiconductor demand.

Michael emphasizes that when financial uncertainty meets physical scarcity, silver prices don’t just rise, but start to break away from the usual market patterns-signaling a deep rift, not just a temporary rally.

Silver vs Bitcoin Comparison: Performance Gap Widening in 2025

While the price of silver continues to skyrocket, the performance of the crypto market appears lackluster. Data from BeInCrypto Markets shows that Bitcoin -the largest cryptocurrency-saw a decline of more than 2% on December 11, extending a broader downward trend.

Read also: Bitcoin Price Rises to $92,000 Today: BTC Traders Aim for Buy the Dip Opportunities!

Maartun analysts note that throughout 2025, silver emerged as the most prominent performing asset, even outperforming gold. On the other hand, Bitcoin lags behind not only precious metals but also major stock indices such as the S&P 500 and Nasdaq .

“In the last four years, Bitcoin’s value against silver has plummeted. Its value has fallen by more than half when calculated in silver units,” said economist Peter Schiff.

This points to a growing “risk-off” sentiment, where investors tend to shun risk and turn to safe-haven assets such as gold and silver – a role they have played for centuries.

However, not all analysts agree that silver’s rally reflects a flight to safety. Instead, crypto analyst Ran Neuner sees the surge in silver prices as a signal that the market is entering a “risk-on” phase, where investors are ready to take risks.

“The market is now fully in risk-on mode, but most people don’t realize it because Bitcoin hasn’t moved! Silver set an all-time record high. It’s a breakout and it’s rising fast. Silver is the Beta version of gold and this signals Risk-On!” said Neuner.

He also pointed out that the ETH/BTC ratio has broken above the 50-week simple moving average, a sign of renewed interest in crypto. In addition, he cited the breakout in the Russell 2000 stock index and the recent policy changes from the Federal Reserve as additional evidence that the market is heading towards a favorable atmosphere for risky assets.

“Bitcoin sellers will soon be exhausted, and the big rally phase will begin. All the data is pointing in one direction!” claims Neuner.

Some other analysts are also predicting a new surge in demand for Bitcoin. However, whether these views will prove to be correct depends largely on the direction of the market trend going forward and whether crypto buyers will return in full force.

FAQ

What was the new high reached by silver on December 11?

Silver prices hit a new record of $63 per ounce today.

What is the current market capitalization of silver?

The current market capitalization of silver is $3.5 trillion.

Why is the price of silver rising?

Silver prices increased due to an increase in industrial demand, investors’ search for safe haven assets, and a decline in the value of major currencies.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Silver Hits All-Time High as Crypto Underperforms in 2025. Accessed on December 12, 2025