Silver enters meme stock status, analysis says silver market will gradually decline.

Starting from the beginning of January, the trend of international spot silver prices first slowly rose in an escalator-like manner, and then from last Friday accelerated in a free fall like a free fall. Although spot gold did not fluctuate as much as silver, the trend was similar, also quickly falling after reaching a high point. Analysts pointed out regarding the trend of silver that in the past week or so, the market trading of silver has entered a state similar to "meme stocks". The so-called "meme stocks" refers to the market trend being driven more by market sentiment, social media discussions, and chasing of funds, rather than fundamental changes. George Harper, Vice President of Bulk Commodities Research at the Bank of Montreal Capital Markets in Canada, said: We believe that the silver market is likely to gradually "ebb" next and return to a state of oversupply of physical supply. Silver may be driven to some extent by the rise in gold in the future, but overall, we believe that the performance of silver will most likely remain weaker than gold.