Silver has been really strong these past two days. Just broke through the $90/oz mark, soaring 2.48% intraday, directly rewriting the historical record since 1979. It’s worth noting that when the Hunt brothers drove silver to $50 back then, it caused a global sensation; now, the $90 era has become a reality.

The numbers are even more astonishing: less than two weeks into 2026, silver has already gained over 20% this year. Looking ahead to the entire 2025, the total increase reaches 140%—what does this mean in the realm of precious metals? It’s considered the best.

The underlying story isn’t actually complicated. Increasing volatility in U.S. macro policy, combined with a surge in risk aversion across markets. Money is flooding into "hard currencies" like silver, which combines industrial demand, inflation hedging, and geopolitical safe-haven attributes. From the chip industry chain to new energy demands, silver’s uses have been expanding, now layered with macro risk premiums.

The question is: is $90 just the starting point or the ceiling? Looking at historical milestones, the previous peak has already been broken. If risk aversion continues to intensify, how much more room for growth is there? This is worth paying attention to.