The performance of silver prices over the past two or three months has indeed shocked many veteran traders—gaining over 60%. Such speed and magnitude are rare. But the question is, is this really just an ordinary commodity market movement? Clearly not.

Looking at the three forces behind it makes this clear. Russia is promoting the idea of "silver standard," even considering using silver as a pricing tool for crude oil trading. Meanwhile, Indian farmers are疯狂囤积白银, essentially hedging against the depreciation pressure of their domestic currency. A deeper logic is that global capital is actively re-evaluating the US dollar system, seeking new value anchors.

This has gone beyond simple investment; it is essentially a global stress test on the international monetary order. When confidence in traditional fiat currencies begins to waver, old assets like gold and silver become the new favorites.

But here’s an interesting paradox: in today’s digital age, do we really need to rely on heavy, indivisible, and inconvenient physical metals? While the world is热炒白银, forward-looking players are already布局另一条赛道—not to否定实物资产, but to让这些资产真正适应数字时代的需求. This is the core issue that digital assets like stablecoins aim to solve: maintaining the scarcity and trust of "hard currencies" while addressing the liquidity and convenience shortcomings of physical assets.