Gold and Silver have taken center stage in the traditional financial market, with both precious metals reaching unprecedented highs against the US dollar amid a recent commodities surge.

Silver, achieving an 11-year peak, has notably surpassed Bitcoin in market capitalization, garnering attention from cryptocurrency analysts and investors. The surge in Gold prices, reaching $2,450 per ounce this week, is attributed to factors such as geopolitical tensions in Iran and expectations of accommodative monetary policies by the Fed.

Silver, recognized as a safe haven asset, now ranks as the world’s 8th largest asset by market capitalization, surpassing Bitcoin with a market cap of $1.83 trillion compared to Bitcoin’s $500 billion. Despite trailing in market cap, Bitcoin remains a significant contender, with analysts closely monitoring its price movements and speculating on its potential to challenge Silver's dominance. Some projections suggest Bitcoin could reach $93,000, a 40% increase, to surpass Silver.

Despite challenges, such as slow market cap growth, optimism remains, particularly among figures like Mike Novogratz, CEO of Galaxy Digital, who anticipates a rise in Bitcoin's value, especially towards the end of Q2, fueled by factors like the introduction of Spot Bitcoin ETFs and the impact of previous Bitcoin halving events.