$SILVER vs $ETH — Old Guard vs New Economy
Year Silver ($/oz) Ethereum ($)
2020 $20.55 $1,448
2021 $25.14 $4,878
2022 $21.75 $3,814
2023 $23.40 $2,403
2024 $28.97 $4,074
2025 $40.03 $4,800
2026* $79.57 $7,500+
🔍 What's Driving Each?
· 60% industrial demand (solar, EVs, electronics)
· 6 straight years of supply deficit
· Tariff panic + physical tightness = explosive rally
· Powers DeFi, stablecoins, tokenized assets
· Price tied to liquidity & risk appetite
· ETF outflows peaked stabilization in play
📉 ETH/XAG Ratio at multi-year lows
Either:
· Screaming buy signal for ETH
· Or validation that silver's industrial story is just beginning
💭 The Real Question
When liquidity returns does capital flow into physical scarcity (silver) or digital growth (ETH)?
History says: both. Just at different times.
Understand the difference. Stop guessing. Start positioning.