Since the US-Iran war started:

Silver is down 9%

Nasdaq is down 1.6%

Russell 2000 is down 1.28%

S&P 500 is down 0.38%

Gold is up 0.85%

And Bitcoin is up 1.7%

Despite the biggest escalation in 4+ years, $BTC is outperforming everything.

$XAG

$XAU

XAU
XAUUSDT
4,527.68
-0.97%

XAG
XAGUSDT
71.82
-1.17%

BTC
BTC
76,659.03
+0.77%