Switzerland Bao Sheng: The unstoppable silver seems to have become the "Trump of the trading world."

Carsten Menke from Julius Baer in Switzerland stated that silver may continue its sharp upward trend, climbing to $125 or even $150 per ounce. He mentioned that the usual driving factors such as a weaker dollar or declining bond yields cannot fully explain this trend, and even geopolitical factors cannot entirely explain it, as silver is still rising even as tensions ease. He said, "Silver seems to have become the 'Trump of the trading world,' just doing its own thing." Menke added that the price reflects not the metal's value, but rather the willingness to pay. The only factor that could prove the current price to be rational is a devaluation of the dollar and a widespread loss of trust in the dollar as the world's reserve currency, which seems unlikely. However, with investor funds flowing and market driven by non-fundamental factors, the upward momentum of silver is expected to continue. The upcoming Chinese New Year holiday may be an early test, as Chinese investors have played a key role in this uptrend.