Nvidia(US:NVDA) Zhi Tong Cai Jing·2026-01-27 14:40Group 1 - Recent extreme surge in silver prices has led to a dramatic increase in trading volumes of related products, with iShares Silver Trust (SLV.US) recording nearly $40 billion in trading volume on Monday, comparable to major ETFs like SPDR S&P 500 ETF [1] - The average daily trading volume of the silver ETF was around $2 billion a few months ago, but it has rapidly increased to approximately $10 billion since late December last year, indicating explosive growth [4] - Silver prices have more than doubled since 2025, with a nearly 60% increase in January alone, potentially marking the largest monthly gain since 1979, showcasing a "crazy" market trend [4] Group 2 - The strong performance of silver has also positively impacted other commodities and related assets, with gold prices rising about 18% and the MSCI Global Metals and Mining Index increasing by 19% this year, reflecting a resonance between market risk aversion and resource prices [4] - Analysts warn that the current surge in demand and trading volume in the silver market is increasingly driven by speculative funds rather than fundamental factors, indicating a shift in market dynamics [4] - The influx of capital and prevalence of momentum trading may lead to a self-reinforcing rally in silver trading, which could ultimately collapse under its own weight if market sentiment reverses, highlighting potential price correction risks [4]