Recently, there is an interesting phenomenon: the logic of price synchronization in the precious metals market and the crypto market is actually the same.

Take silver as an example. It seems to have fundamental support, but in reality, it has long since detached from fundamentals. What is driving its price now is not supply and demand, but the risk premium spillover caused by gold's price increase, triggering collective FOMO. This logic is also fully applicable to BTC and ETH—BTC is the "leader," and other assets must follow its risk premium trend, forming three typical patterns: synchronized rally, accelerated catch-up after the leader stabilizes, and synchronized decline with cautious rebounds during major drops.

Last year, gold rose but silver didn't keep up. Why did it suddenly follow this year? The core reason is that the macro environment has changed, and liquidity has become more relaxed. Plus, with US stocks at high levels, gold also at high levels, and BTC sentiment cooling down, ordinary investors can't afford gold, and participating in US stocks is risky. They turn to silver as an outlet for emotion and capital.

This situation is very dangerous. In the short term, FOMO bubbles will keep growing, and it is highly likely that latecomers will follow the trend and get trapped. The global economy is already weak, and blindly following the trend will only expose risks faster, risking falling into a "poverty cycle."

It's not that silver has already peaked, but the risk of following the trend at this stage must be strictly controlled. Stay calm and follow rationally.