#加密生态动态追踪 The recent surge in silver has truly exceeded expectations, with the rally outpacing gold significantly. The driving forces behind this are quite straightforward—dual factors are working in tandem.

First, on the financial side. As expectations of a Federal Reserve rate cut rise, the US dollar is immediately pressured, and US Treasury yields also decline. This is a strong boost for non-yielding assets like silver. Moreover, silver's market size is smaller than gold's, making it more susceptible to speculative hot money, and it reacts to interest rate fluctuations much more sensitively. So, as soon as there is any movement, silver can double in price.

Next, looking at industrial demand. About 50% of silver's demand comes from industries like photovoltaics and chip manufacturing. Recently, global manufacturing has shown a clear rebound, coupled with the increasing momentum of green energy transitions, which continues to boost industrial demand for silver. As a result, the combination of financial attributes and industrial demand is pushing silver upward from both sides.

This round of price increase is definitely not without reason. During periods of loose macro liquidity, from $BTC and $ETH to precious metals, all non-yielding assets tend to rotate higher. Will silver have further opportunities? It depends on whether the Federal Reserve's actions and industrial demand can be sustained. What do you think?