Financial markets are witnessing an interesting divergence as "Digital Gold" and physical Gold find common ground, while Silver behaves like a reckless gambler.
🔸 Interactive Steve Sosnick observes that $XAG is recent insane volatility bears the hallmarks of a "meme stock". He points out that Silver's decline began before the news of the new Fed Chair Warsh broke, proving the market collapsed due to overheating speculation rather than just a stronger USD.
🔸 Data from the past 2 years reveals a surprisingly high consistency between Bitcoin and Gold $XAU . The return gap between these two assets is merely a few percent, and they are currently re-establishing a synchronized trend.
🔸 While FOMO sentiment remains, Sosnick warns that the "meme-ification" of a commodity with thousands of years of history like Silver is likely coming to an end.
As Silver loses its "super meme" status and Bitcoin increasingly proves its safe-haven status like Gold, will speculative capital flee the metal market to find a new home?
News is for reference, not investment advice. Please read carefully before making a decision.
