After a significant rise on Friday, the excellent performance of silver relative to gold further expanded, bringing the gold-silver ratio down to 76 times (Figure 1 shows it approaching a key support level);
Meanwhile, gold outperformed Bitcoin, causing the Bitcoin/gold trading pair to drop to its worst monthly performance since November 2022 and its lowest level since January 2024 (Figure 2).
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b12206a5-5dce-468d-b356-9004632f0fca.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b12206a5-5dce-468d-b356-9004632f0fca.jpeg"/>

After a significant rise and hitting a new high on Friday, silver's excellent performance relative to gold further expanded, bringing the gold-silver ratio down to 76 times (Figure 1 shows it approaching a key support level); meanwhile, gold outperformed Bitcoin, causing the Bitcoin/gold trading pair to drop to its worst monthly performance since November 2022 and its lowest level since January 2024 (Figure 2)

Silver > Gold > Bitcoin