Bitcoin and silver have reached a remarkable 52% decline from their respective record highs, creating an unusual parallel in the crypto and precious metals markets. Bitcoin currently trades near $59,893, representing a 52% decline from its $126,200 peak from late 2025, while silver hovers around $58.50 per ounce, down 52% from its $121.76 record set in January 2026. According to latest market analysis, both assets have broken key support levels and their weekly charts show matching structures with lower highs and lower lows since their respective tops. The Supertrend indicator flipped bearish on Bitcoin in November 2025 and on silver in mid-March 2026, confirming the regime change across both markets.
Silver's spectacular rally has given way to an equally dramatic correction, with international silver prices crashing more than 50% since the peak seen in late January 2026. As reported by The Times of India, COMEX Silver has declined 37% since the US-Iran war and is down 52% from its all-time high, while MCX Silver has corrected 20% since the war and 46% from its all-time high. The correction was initially triggered by profit-booking after an extraordinary rally that saw silver rise nearly 350% from around ₹95,000 to ₹4,00,000 between 2025 and early 2026. Pranav Mer from JM Financial explains that the sharp correction was triggered by profit-booking/liquidation due to margin hikes to curtail speculative activity, with silver attempting recovery in March 2026 before prices reversed again.
Both assets have surrendered major Fibonacci support levels, with Bitcoin losing the 0.382 and 0.5 levels, now defending the 0.618 golden pocket near $58,000. Silver broke through both its 0.382 and 0.618 levels, with its last visible support at the 0.786 retracement around $54.50. The Relative Strength Index (RSI) has broken down on both weekly charts, with silver's RSI losing an ascending support line that held since July 2022 and now sitting near 39 points. Bitcoin's RSI trades inside a falling channel and failed to reclaim the midline in May 2026, sliding toward 34 points, indicating fading demand on both assets. Readings below 40 points suggest continued weakness, with silver needing to defend $54.50 to avoid a slide toward its $50 long-term support, while Bitcoin must hold the $58,000 golden pocket or risk dropping toward the 0.786 level near $39,000.
According to The Times of India, experts are divided on whether silver's strong bull run is over, with some seeing further correction while others maintain the long-term bull case remains intact. Maneesh Sharma expects silver could bounce back to ₹2,32,500–2,34,000/kg in the short term, though prices still have room to witness more downside during July. Divya Mandaliya from Anand Rathi believes the current correction reflects a normal cycle where earlier momentum-driven rise has given way to profit booking, with the ₹1,80,000–₹2,20,000 range appearing favourable for long-term investors. Jateen Trivedi from LKP Securities sees the long-term structural bull case for silver intact, supported by industrial demand from solar energy, EVs, and electronics, with the $50–55 zone offering reasonable accumulation opportunity for medium to long-term investors. The correction has brought silver back into an attractive accumulation zone after removing excess buying during the rally phase.
