The bitcoin to silver ratio currently sits near 780, a level that places silver relatively stronger versus bitcoin than during some past turning points. This reading is below the ratio seen at bitcoin's 2017 peak and is now close to the level recorded in November 2022, when bitcoin bottomed near $15,500 and the ratio fell to around 700. Such convergence highlights that silver's gains have outpaced bitcoin over recent periods.
Current Bitcoin to Silver Ratio
The ratio's current position near 780 means bitcoin is worth about 780 ounces of silver at prevailing prices, a shift from the 2017 peak when bitcoin reached $20,000. That earlier peak left the ratio higher than today, while the November 2022 low for bitcoin saw the ratio fall toward roughly 700. Together these comparisons suggest silver has strengthened relative to bitcoin since those historical benchmarks.
Silver's Recent Price Action
Silver has surged nearly 300% over the past year, driving much of the move in the ratio. Trading recently became erratic: on Monday silver fell almost 15% after rising by a similar amount earlier in the session, briefly reaching highs near $117 per ounce before pulling back to around $112. For background on the market's swings and related trading developments, see the price volatility analysis and reports on CME margin changes for silver.
Historical Patterns in Silver Prices
Previous local tops in silver have tended to cluster in the early part of the calendar year, with several notable instances across decades. Market observers point to past blow-off phases as context when assessing the current advance.
- February 1974 and January 1980 marked clear blow-off tops at $47.
- Other examples include February 1983, May 1987, February 1998, April 2004, May 2006, March 2008, and April 2011 at $50, which was also described as a blow-off phase.
Implications for Investors
Because the bitcoin to silver ratio reflects relative moves between the two assets, its approach to levels seen during stressed periods can be a signal to review exposure rather than an immediate reason to change positions. The combination of a large one‑year gain in silver and recent intraday swings suggests elevated short‑term risk for holders focused on silver's price action. For a broader comparison of purchasing power and relative trends, readers can consult coverage of Bitcoin vs silver.
Почему это важно
Если вы майните в России с небольшим или средним парком оборудования, прямая техническая связь между этим соотношением и работой оборудования отсутствует: ни сложность сети, ни хэшрейт от этого не меняются. При этом растущая волатильность серебра и сдвиг относительной ценности активов могут влиять на общую риск‑аппетит инвесторов и, косвенно, на настроение рынка в периоды сильных движений цен.
Что делать?
Для майнера с 1–1000 устройств полезно сохранять операционную дисциплину: следить за курсом биткоина и доходностью майнинга, не принимать резких решений на основе одного скачка цен на другой актив. Разумно иметь план ликвидности и базовые правила управления рисками, чтобы выдержать периоды высокой волатильности в смежных рынках.
