Silver has made a comeback! This former supporting player is now officially the third-largest asset globally.

You read that right. The market value of silver has surpassed Apple, ranking only behind gold and NVIDIA. What exactly has happened behind this change?

This surge in gold and silver prices actually has some clues.

First is geopolitical tensions. The instability in the global situation is escalating, risk aversion sentiment is spreading, and funds are flocking to precious metals as traditional safe havens.

Second is the devaluation of the US dollar. The Federal Reserve has started cutting interest rates, and with policy interventions, confidence in the dollar is wavering. The appeal of non-dollar assets like gold and silver is rising accordingly. These non-dollar assets naturally increase in value.

The third driver is central banks around the world. In recent years, global central banks have been aggressively stockpiling gold. This large-scale purchasing has created a trend, not only boosting gold prices but also lifting related commodities like silver.

Finally, supply and demand have become tighter. Retail investors and institutions are entering the market simultaneously, turning the originally balanced market into a "supply shortage," causing prices to rise naturally.

But ultimately, all of this boils down to one word—money. Various favorable factors have ultimately translated into real gold and silver inflows. Capital drives prices up, and higher prices, in turn, attract more funds. This cycle is accelerating.