Recently, I noticed an interesting phenomenon — the traditional commodity silver seems to be entering its super cycle.

The logic behind this is worth pondering. Changes in the global liquidity environment, escalating geopolitical tensions, and the ongoing demand for silver driven by energy transition (solar energy and electric vehicles both rely on it), all these factors are stacking up, quietly improving the fundamentals of silver.

For friends holding crypto assets, this is actually an interesting reference. When a super cycle in traditional assets begins, it often signifies a deep change in the macro environment. Historically, long cycles in commodities tend to interact interestingly with the performance of equity assets — sometimes moving in the same direction, sometimes inversely.

The story of silver reminds us not to focus solely on a single asset class. Macro cycles, policy environments, technological demands — these factors weave together into a bigger picture. Investors who understand these long cycles and manage their asset allocation accordingly are often able to seize more opportunities.