In December 2025, the precious metals market stirred up a storm. Silver soared to the $66 mark, with a market capitalization of approximately $3.7 trillion—how exaggerated is this achievement? It surpassed Google's parent company Alphabet and even entered the ranks of the world's top assets, becoming the fourth largest asset after the US tech giants. With a rise of over 125% for the year, this precious metal, once regarded as the supporting role to gold, completely rewrote its role positioning.

But the rise of silver is not just a speculative trend; there are deeper driving forces behind it. Industrial demand is exploding. Against the backdrop of the global transition to clean energy, the practical value of silver has been activated: solar panels require its conductive properties, and it is indispensable in electric vehicle batteries and data center infrastructure construction. As the new energy industry scales up, silver has transformed from "an alternative to precious metals" into "a necessity for low-carbon technology." This irreplaceability has freed it from the pricing model tied to gold, granting it an independent growth logic.

The shift on the investment side is another fire. In an era of economic uncertainty and inflationary pressures, investors are seeking tangible assets that truly have hedging value. Silver combines the anti-inflation characteristics of gold but has a more accessible price threshold, making it a new choice for ordinary investors. More importantly, institutional funds have already entered the market. As gold ETF holdings approach saturation, silver naturally becomes the next target for large funds.