#美联储回购协议计划 Silver has experienced an astonishing growth curve this year.

In the circle, most Web3 participants' allocations still revolve around $BTC and $ETH, which has become routine over the past two years. But reality delivered an interesting slap — this year, these two assets surprisingly did not outperform the traditional US stock market. Even more ironic, US stockholders can receive dividends, while crypto assets rely solely on price differences for returns.

In contrast, silver has more than doubled in value. This reflects a rethinking of the allocation logic for safe-haven assets by capital. When macro liquidity environments change or the Federal Reserve's policies shift, the appeal of precious metals begins to emerge.

The question is — is there still an opportunity to get into silver now? It depends on your judgment of the future dollar trend and inflation expectations. Market rotations never stop; the key is to understand which asset classes are shining in each cycle. Instead of all-in on a single asset, it's better to consider the balance point of multi-asset allocation.