The price of silver has continued to soar recently, with a market value 3.5 times that of Bitcoin.

On January 26, according to chart data provided by well-known market analyst @KobeissiLetter, the price of silver in Shanghai has surged to $124 per ounce, while the U.S. spot silver price was only $108 during the same period, with a price difference of up to $16, marking one of the largest recorded price gaps.

Specifically, over the past approximately 13 months, silver has risen by 270%, while Bitcoin has fallen by 11%.

Analysts believe that the recent surge in silver is partly due to its characteristics as a traditional safe-haven asset, which has been favored in the context of ongoing global geopolitical tensions and persistent inflation expectations;

On the other hand, the demand for its application in green industries, such as solar photovoltaic, has surged, endowing it with a growth narrative as an "industrial metal."

The weakness of Bitcoin reflects the current market's short-term avoidance of high-risk assets, as well as some capital flowing from the crypto market to more "certain" traditional assets.

Kobeissi Letter also pointed out that the current ratio of silver's market value to Bitcoin's market value has reached 3.5 times, a figure that reflects the increasingly prominent valuation gap between traditional precious metals and digital assets.

In summary, against the backdrop of ongoing global macroeconomic uncertainty and the dual resonance of industrial demand and safe-haven demand, this valuation comparison between precious metals and digital assets may trigger a systematic reassessment of traditional and emerging value storage tools in the market.

#白银 #Bitcoin