Silver prices have recently continued to weaken, and this wave of decline is changing the allocation mindset of capital. While the attractiveness of traditional precious metals is decreasing, many investors are beginning to reassess the opportunity cost of cryptocurrencies—after all, in the context of inflation expectations and asset scarcity, the appeal of risk assets like Bitcoin and Ethereum is rising.

From search data, interest in silver reached a historic high before beginning to decline, coinciding with a turning point in market sentiment. Such moments often indicate that capital is searching for new investment directions. The rebound in liquidity and trading activity in the cryptocurrency market reflects this shift in expectations. Whether the New Year rally can continue depends ultimately on whether this capital movement can be sustained.