Silver recent trend analysis: The core of recent silver movements is that, although supported by fundamentals, it has completely detached from them. The rise is driven by FOMO emotions caused by the spillover of gold's risk premium.

This logic can be compared to the crypto market with BTC and ETH. Silver, as the "second dragon," needs to rely on the risk premium of gold, the "first dragon," to rise. This corresponds to three possible trends: simultaneous rally with gold, accelerated catch-up after gold stabilizes, and synchronized decline with gold during sharp drops, with cautious rebounds.
Last year, gold rose but silver did not follow. The key difference this year is that macro conditions are more relaxed, and currently, US stocks and gold are at high levels, while BTC sentiment has cooled. Ordinary investors, unable to afford gold or participate in US stocks, are using silver as a channel for capital and emotional venting.

Be alert to the expansion of short-term FOMO bubbles. Ordinary investors tend to follow the trend and may easily fall into traps. With the global economy currently weak, do not blindly follow the trend to avoid risk exposure and falling into a "poverty cycle." Overall, it is not yet determined that silver has peaked, but risk control against following the trend must be strict. #比特币与黄金战争