Just now, spot silver surged past the $84 per ounce mark, with an intraday increase of over 5%. The New York silver futures performed even more aggressively, rising 6% to $84.11. What is behind this sudden surge? Simply put, risk aversion sentiment is heating up, the dollar is weakening, and expectations of interest rate cuts are strengthening. Gold moved first, followed by silver pushing higher, which is the so-called "chasing effect."

Silver is often called "the poor man's gold" by many. Now that it has started, hot money is beginning to flow into precious metals and hard assets. This raises a question—will the crypto assets dubbed "digital silver" also follow suit?

Currencies like XRP, LTC, and ADA have long been associated with the label "digital silver." From a purely market correlation perspective, when traditional precious metals rally and risk appetite shifts, crypto assets with safe-haven attributes or related concepts may indeed attract attention. But the key is to watch the trading volume—don't be caught off guard by a quick rise followed by a pullback.

On the technical side, the next resistance level for silver is at $85.5. If related cryptocurrencies want to follow the trend, they also need to observe the actual trading volume during the breakout; insufficient volume can lead to a false climax. Markets change rapidly, and whether this move in precious metals can drive a certain segment of the crypto market depends on subsequent capital flows.