Silver breaks through the $88 mark, with this year's gains exceeding 20%

【ChainWen】Spot silver just hit a new high, breaking above $88/oz for the first time. Let’s look at this year’s performance — it has already increased by over 23%.

This gain is quite significant. Against the backdrop of ongoing global economic uncertainties and geopolitical risks, precious metals as safe-haven assets are becoming increasingly attractive. Silver, with its dual nature as a precious metal and industrial material, makes it particularly resilient during market volatility.

For traders looking to diversify their asset allocation, this may be worth paying attention to — while the correlation between traditional commodities and crypto assets is not direct, both have safe-haven demand as macroeconomic risks rise, and their inverse correlation is worth monitoring.