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Recently, silver's performance has been truly explosive. In a short period, it surged by 10%, a move that has already exceeded normal volatility ranges—an extreme event at 4 to 5 standard deviations, with a probability comparable to a person being struck by lightning in their lifetime (about 3.8 standard deviations).
Currently, silver's market capitalization has soared to $4.47 trillion, making it the third-largest asset globally, even surpassing many traditional financial giants.
Even more astonishing is the vertical comparison: as of November 11, 2024, Bitcoin's market cap was still $1.736 trillion. Today, silver's market cap is nearly three times that level, while Bitcoin's price has hardly fluctuated. Just think about how big this contrast is.
Such market conditions are truly a "black swan" in history. Markets don't usually see such extreme movements every day.