#数字资产市场动态 The Secret Ledger Behind the Silver Surge

This round of silver market movement is essentially a replica of gold—global debt levels are sky-high, fiat currencies are depreciating, and people are seeking safe havens. But silver adds an extra layer of hot money speculation, making its rise even faster and more aggressive.

Here's a staggering figure: Nvidia's market capitalization exceeds the total amount of silver mined by humans over thousands of years. It sounds absurd, but it precisely illustrates how inflated the current financial system is. AI concept stocks, tech stocks, bond assets—all driven to outrageous levels by massive liquidity that ordinary people can't even imagine.

However, there's a trap to be aware of. The $4.35 trillion total market value of silver is calculated based on the entire historical silver mined (about 1.75 million tons) at current prices. The problem is, more than half of that silver can no longer be used for investment—it's become industrial waste, silverware in homes, silver bracelets, and so on, which can't be liquidated. So, what about the silver that can actually be invested? The silver bars and coins stored in national treasuries worldwide total only about 30 to 40 billion ounces, which, when converted to USD, amounts to roughly $3 to $4 trillion.

Looking at it from another angle: Nvidia's market cap is equivalent to 10 to 15 times the total tradable silver globally.

What does this mean? Companies that produce chips are valued at more than ten times the global available reserves of the essential raw material for chip manufacturing—silver, which has the highest electrical conductivity worldwide. It's not just about valuation; the entire asset structure is distorted.

What is the market playing right now? The logic is straightforward. Once the debt system shows cracks, credit assets will be discounted, and hard assets like gold and silver will be re-priced. Silver's rise isn't just about safe-haven demand. It's more like a mirror—reflecting how absurd financial asset prices are, and also revealing that, under such uncertainty, capital is quietly shifting toward more tangible assets.

Perhaps years later, people will realize a truth: silver hasn't suddenly become more valuable; it's just that paper money has never been worth that much to begin with.

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