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Silver is leaving cryptocurrencies in the dust, delivering a brutal reversal for the \u201cdigital gold\u201d trade as investors pile into physical assets amid trade war fears and geopolitical uncertainty.<\/p>\n
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Silver surged more than 8% on Monday to a record above $110 an ounce, extending a rally that has pushed the metal up roughly 270% since early 2025. Over the same period, major cryptocurrencies have slumped when measured against silver, with XRP collapsing nearly 80% relative to the metal since July 2025\u2014highlighting a dramatic shift in investor preference away from digital assets and toward tangible safe havens.<\/p>\n
The divergence has been stark. XRP has fallen from roughly 0.10 ounces of silver per token in July 2025 to just over 0.02 today, an 80% drop in seven months. Bitcoin has declined about 11% over the past year while silver exploded higher, leaving silver\u2019s market capitalization roughly 3.5 times larger than Bitcoin\u2019s\u2014a striking blow to crypto\u2019s long-held \u201cstore of value\u201d narrative.<\/p>\n
Other digital assets have fared little better. Ethereum is down about 70% against silver over the past year, while Solana has lost more than 60%. <\/p>\n
\u201cAltcoins continue to plunge to new lows when valued in silver,\u201d analyst Benjamin Cowen wrote<\/a> this week.<\/p>\n