Silver prices are rising rapidly, closely following gold. Institutions are optimistic about the future performance of silver.

Recently, the price of silver has continued to rise. Since June, London silver has risen by more than 10%, exceeding $36 per ounce, with a year-to-date increase of over 25%. Year-to-date, COMEX gold has accumulated an increase of around 30%. "I believe the recent rise in the price of silver is the result of both fundamentals and speculative funds," a futures trader in Shanghai told Securities Times. The rise in gold prices, the recovery of industrial demand, and a series of other changes have pushed up the price of silver, while some speculative funds have also discovered hidden opportunities, leading to increased market volatility. "From a medium to long-term perspective, it is difficult to change the direction of silver price oscillation." Zheshang Securities pointed out that the current rise in silver prices is the result of a combination of factors such as internal demand for precious metals and support from industrial demand within the sector. The gold-silver ratio is still at historically high levels, and a mean reversion may occur, with strong demand for silver valuation repair creating a fund rotation effect. Silver itself has high price elasticity characteristics, with relatively concentrated overall positions, making the trading behavior of some top institutions have a significant impact on its price. Currently, central banks are still mainly purchasing gold, but if a catalytic event similar to the Russian central bank including silver in its reserve assets occurs in the future, it could further benefit silver. In the short term, the rise in silver may be mainly due to tactical allocation by some investors or short-term speculation.