Silver surged by 170% in 2025, marking the first eight-month consecutive bullish streak since 1980. Gold also soared by 80 year-to-date, making the 20% gain of the S&P 500 look quite ordinary. Sister Hippo will show you what’s going on?

① The rapid rise in gold and silver is primarily due to the weakness of the US dollar.
As many KOLs have recently lamented, the U.S. dollar index fell from 7.4 to 6.8, while the dollar itself declined by 9% year-to-date, making 2023 the most sluggish year since 2017.

And when Trump tried every means to cut interest rates—especially after he confirmed the new Federal Reserve Chair—rate cuts became a smooth process. Sister Hippo boldly predicts that the dollar will continue to weaken.

Sister Hippo is not joking. Earlier this month, Trump said in an interview that the target interest rate is 1%, and the dollar hardly appreciated. Silver also accelerated its rise by over 40% this month, with intraday gains exceeding 10%.

② Central banks around the world are competing to increase their gold and silver reserves, directly fueling the price surge.
China deserves special mention. In Q3 2025, China purchased 118 tons of gold, a 39% month-over-month increase and a 55% year-over-year increase. Regarding silver, China has strengthened export controls, requiring all silver exports to obtain government licenses starting January 1, which directly triggered a rush to buy and stockpile silver at the end of this month. As a result, Shanghai silver premiums rose by $5 per ounce.

③ Compared to the frenzy in gold and silver, Bitcoin’s 9% decline this year has created a valuation trough.
In fact, Bitcoin once led the market, rising 40% before entering a decline. Many experts believe this is due to the high leverage characteristic of crypto trading—making it easier to rise but also easier to fall.

Finally, Sister Hippo wants to say that I remain optimistic about Bitcoin/Crypto’s performance in 2026. Capital flows rotate; looking at silver’s historical annual chart, every sharp rise is followed by a decade-long correction. So, these funds will eventually retreat, and Bitcoin/Crypto is undoubtedly a valuable trough suitable for capital entry.