Can Gold And Silver Prices Predict Bitcoin’s Next Move?

A rare and historically significant signal has just been triggered, suggesting that Bitcoin (BTC) is massively undervalued compared to traditional precious metals. Key metrics derived from Gold and Silver prices the Mayer Multiples have plummeted to levels that have previously marked major Bitcoin market bottoms and preceded massive price rebounds where BTC outperformed both metals by hundreds of percent.

I. The Mayer Multiple and the Undervaluation Signal

The core of this analysis is the Mayer Multiple, an indicator created by monetary scientist Trace Mayer to identify buying opportunities. Definition: The Mayer Multiple divides Bitcoin’s current price by its 200-day moving average.A ratio above 2.4 usually indicates BTC is overbought.A ratio around 0.8 suggests an attractive buying opportunity.Current BTC Status: As of October 27, 2025, the standard Bitcoin Mayer Multiple is 1.06 (with BTC at $114,874 and the 200-day MA at $108,797). While not at the extreme bottom (0.8), this value historically suggests BTC has been higher 61.22% of the time.

II. The Gold and Silver Anomaly

The critical signal comes from comparing Bitcoin’s performance against the precious metals using a derivative of the Mayer Multiple: BTC/Gold & BTC/Silver Ratios: These indicators measure Bitcoin’s price performance relative to its 200-day moving average, using Gold and Silver prices as the benchmark.The Bullish Trigger: A Mayer Multiple below 1 for the BTC/Gold or BTC/Silver ratio means Bitcoin is currently undervalued relative to the respective metal. Historically, these dips have marked the start of major accumulation phases.The Current Signal: Recently, the BTC/Gold ratio touched 0.84, and the BTC/Silver ratio briefly fell below 1 in late October. These levels have only been seen during Bitcoin crash periods, acting as a “buy-the-dip” window.

Historical Precedents:

The BTC/Gold Multiple dropped to 0.70 in November 2022 and 0.85 in March 2020, both times near Bitcoin’s market bottom, after which the price more than doubled.The BTC/Silver Multiple dropped below 1 in September 2020 (when BTC was around $10,900) before Bitcoin surged to nearly $60,000.

III. The Conclusion: Bitcoin is Due for a Catch-Up

The market anomaly is clear: precious metals have dramatically outperformed Bitcoin in 2025, a situation that has consistently resolved with a powerful BTC rebound: 2025 Performance Gap:Gold is up 54% year-to-date.Silver is up 63% year-to-date.Bitcoin is up only 21% year-to-date.The Forecast: If history repeats the pattern seen in 2020 and 2022, Bitcoin is currently gearing up for a rebound to close this performance gap. Given Bitcoin’s long-term outperformance (up over 700% in the past five years, compared to Gold and Silver roughly doubling), analysts conclude that macro factors like falling interest rates and rising institutional inflows will enable Bitcoin to deliver outsized returns and significantly outperform the precious metals in the coming months.

Disclaimer

This article is for informational purposes only and is based on third-party on-chain and technical analysis. The views expressed do not constitute financial, investment, or trading advice. The cryptocurrency market is highly volatile and speculative. Readers must conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.