What are the correlations between the price of silver per ounce and the value of cryptocurrencies in 2022?

1 answers

• Rachel AndersonOct 02, 2023 · 2 years ago
  The correlation between the price of silver per ounce and the value of cryptocurrencies in 2022 is a topic of debate among experts. Some argue that there may be correlations due to the perception of both silver and cryptocurrencies as alternative investments. Both markets can be influenced by factors such as economic conditions, inflation, and investor sentiment. However, others believe that the two markets are fundamentally different and may not have a strong correlation. Silver is a physical commodity with industrial demand, while cryptocurrencies are digital assets driven by technology and market demand. Therefore, it's important to analyze each market separately and consider their unique factors when assessing correlations between the price of silver per ounce and the value of cryptocurrencies in 2022.
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