The Bitcoin to silver ratio has dropped to approximately 780, nearing levels last seen in November 2022, according to CoinDesk. This decline comes as Bitcoin's price hovers around $15,500, a significant drop from its 2017 peak when the ratio was higher. The current ratio suggests a potential vulnerability in silver's market position relative to Bitcoin. Historically, silver's price peaks tend to occur in the early months of the year, often in the first half. This pattern indicates a possible risk for silver's current price trajectory, suggesting that it may have already reached its cyclical high.