Silver And Bitcoin Both Aim For 60 After Peaking At 120

Last August (2025), Bitcoin's (BTC.X) price topped $120,000.  Silver touched $120 briefly in late January (2026). Both silver and bitcoin hit respective lows of $60 and $60,000 a couple of months ago.

Regardless of the number (or lack) of zeros, the two disparate objects of financial interest have experienced losses of 50% and will likely test possible support at the aforementioned price points again. 

The two non-partners are experiencing the reality of "the morning after". It might be presumptuous, but I do not expect any sizeable or lasting rebounds in silver or Bitcoin. 

In fact, there is little support for either of them if the 60 price is violated.  

HOW LOW CAN THEY GO?

In August 2022, silver bottomed at $17.92 (average closing price) after dropping from a high of $30 in August 2020. After moving back up and trading between $20 and $25 for another two years, silver began a relatively steep, uninterrupted ascent to its eventual peak of $120.

The move accelerated after silver broke through $30 in February 2024. 

It would not be surprising to see silver drop straight back to $30 if it breaks down at $60. That is possible even if the fundamental argument for much higher silver prices is justified. (see Do The Fundamentals Justify $100 Silver?)

Should other factors (recession, stronger dollar, panic selling) exacerbate the selling, silver could fall back to the $20-25 range, or as low as $18-20. 

The situation for Bitcoin is similar in that its most recent move to stratospheric heights started in 2022 as well. Its price in December 2022 was $17,000 , and its eventual peak above $120,000 ($127k) corresponds reasonably with silver's peak at $120. 

The steepness of Bitcoin's price increase leaves no downside targets for possible price support, though, so if it breaks down at $ 60,000, it could drop back to $17,000 very quickly. 

CONCLUSION

A close friend and former work associate of mine, when both of us were trading silver in the 1970s for ourselves and our clients, said that there is no better feeling than being out of a market that is going down. 

Investors in silver and bitcoin won't know if that is true or not - unless they sell. (also see New Closing Low For Gold - Again)