#Strategy加仓BTC $ETH Silver breaks through $90—this moment, the market history is being rewritten.

Global asset rankings are reshuffling: spot silver market capitalization has approached 5 trillion USD, successfully surpassing a certain tech giant, ranking second worldwide. This is not hype; real capital flows are speaking.

Why is the market so fierce? Three key factors are simultaneously igniting: rising expectations of rate cuts, tense geopolitical situations, and adjustments to CME trading rules—margin is now calculated as a percentage, sharply increasing the cost for shorts. The long and short positions are on the brink of confrontation, and a chain of short squeezes is becoming possible.

More critically, there is a supply-side problem. COMEX silver inventories have fallen below 440 million ounces, with millions of ounces still flowing out daily. The demand from the photovoltaic industry and AI chips continues to consume physical silver, and "reverse rollover" phenomena are occurring frequently—no one wants paper silver anymore; everyone is rushing for recent physical metal contracts. This scenario only has one meaning: the market is truly panicked about supply.

Citi analysts have set a three-month target price of $100. But don’t forget the risks: if geopolitical tensions ease, precious metals could face pressure and pull back. Currently, this market is a perfect storm formed by rule changes, physical shortages, and speculative emotions—an uncommon combination.

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