Silver and Bitcoin both face down years in 2026, if 50-week moving averages are guides, but for different reasons. At about $72 an ounce on Dec. 31, the metal's 73% premium to this mean was exceeded only once on a year-end basis, in 1979 (database since 1954). Silver peaked near $50 in 1980 and dropped 52% that year to $15.50. It took until 2025 for a year-end close above 1979's $32.20. Juxtaposed to the stretched metal is Bitcoin's bear market. At about $87,000, the crypto's 13% discount to its 50-week mean typically signals a lower trough near a 55% rebate. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t82xi7kip3is {BI COMD} #bitcoin #silver @BBGIntelligence(Mike McGlone)