#MSCI未来或纳入数字资产财库企业 The Truth Behind the Silver Frenzy: Retail Investors Shake Market Pricing

In the past month, the silver market has stirred up quite a storm. Data shows that the inflow of funds into precious metal ETFs over 30 days reached $920 million, with daily inflows hitting a record high since 2021. iShares-related products have gained over 31% this year, while the spot price of silver has surged by 210%, driving mining stocks up by 225%—this rally has surpassed the enthusiasm seen during the retail investor movement of 2021.

This is not just a speculative feast. Analysis from research firm Vanda indicates that the underlying driver is a "large-scale influx of structural funds," with silver evolving from a commodity to a core macro asset allocation target. In other words, this wave is not just a retail game.

However, beneath the prosperity, undercurrents are brewing. Invesco recently issued a cautious research report: although the long-term upward trend of silver has a 45-year historical background, "the rapid rise to $80 within three months is too extreme." What does this imply? Once market sentiment reverses, the counter-movement could be equally dramatic.

When enough capital converges in one direction, the balance of market pricing begins to tilt. Such an extremely crowded trading pattern often signals a sharp increase in short-term volatility—regardless of whether the trend continues upward or suddenly drops, participants will pay the price.

Should you stay calm and observe, follow the crowd into the market, or simply turn to watch Bitcoin's next move? Perhaps this is the moment to test each market participant's judgment.