Silver, once dubbed "the poor man's gold," is sweeping the global market like a storm. The reason is simple: its astonishing surge.
Recently, silver prices broke through $117 per ounce, setting a new all-time high. This means that since the peak of the crypto cycle in 2017, silver has officially surpassed Bitcoin's gains (approximately 500%) and gold's gains (slightly less than 300%) with a cumulative increase of approximately 517%. According to data from 8marketcap, silver is currently trading around $110, with a market capitalization of $6.18 trillion, ranking second globally after gold. Such an astonishing performance has naturally sparked market enthusiasm. Besides purchasing silver funds or physical silver through traditional brokerages or brick-and-mortar stores, tokenized silver may also be an option, especially leveraged contracts on exchanges and on-chain Perp DEX.