Bitcoin earlier in the month traded around $80,000–$82,000 but by the end of the month dropped to approximately $73,000–$77,000 due to continuous ETF fund withdrawals, high US bond yields, and concerns that the Fed will maintain a tight monetary policy.


Meanwhile, gold, after a hot rally at the beginning of the year, has corrected but still maintains its role as a safe-haven asset.
UBS remains optimistic with a long-term positive outlook on gold.
Silver is more of a bright spot. Silver prices have risen better than gold thanks to benefiting from safe-haven demand and supported by industrial and energy demand. Many organizations assess that silver has the potential to outperform gold in the next phase.
* If considering only May:
- Silver: the strongest.
- Gold: stable and defensive.
- Crypto: highly volatile, under pressure from outflows.
Given the current context, silver is in a quite special position because it combines the characteristics of a precious metal like gold with a story of industrial growth, while crypto still heavily depends on global liquidity and speculative capital flows.
Is your investment view focused on silver?
BTC-4.05%
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