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Hi Tigers, Welcome to “What the Tigers say”

This is a weekly column planned to share the great opinion from Tigers on a specific topic and today our Theme is $Silver - main 2603(SImain)$ .

Driven by rising expectations of Fed rate cuts, tightening global supply, and its recent inclusion on the U.S. “critical minerals” list, silver surged past $60/oz on December 9 — marking a new all-time high. The metal is now up nearly 110% year-to-date, vastly outperforming $Gold - main 2602(GCmain)$ and $Platinum - main 2601(PLmain)$ .

This surge has drawn broad market attention — not just to silver itself, but to what its sharp divergence may be signaling about liquidity, risk appetite, and the broader precious-metals cycle. Yet analysts remain split: is silver’s explosive move a healthy sign of liquidity returning, or a speculative spike amplified by thin market depth and supply disruptions?

🐯Recommend to read: Gold–Silver Ratio Crashes Ahead of the FOMC: Is an Inflation Wave Coming?

This week, we’ve selected insights from — @Ivan_Gan @Mickey082024 @Shyon @Esther_Ryan , here’s what they have to say about the Silver investment.

🎁Special Notes: Whoever showed up on the “What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

1. @Ivan_Gan Major Gold and Silver Moves Brewing Before the Fed: What is the Best Arbitrage Strategy?

Key points:

• Despite strong expectations for a rate cut in December, the price of gold has not reached a new high. This suggests that the gold market is awaiting a more decisive easing signal.

• The phenomenon of silver prices rising while gold prices remain stagnant is characteristic of speculative trading in the precious metals market.

• It is currently uncertain whether the speculative rally in silver has ended, but continued participation will likely involve high volatility, so a conservative approach is advised.

• Given the high level of activity in the silver market, one strategy to consider is the cross-market arbitrage between Chinese silver futures and COMEX silver futures.

2. @Mickey082024 Silver’s All-Time High Sets the Stage: Will Gold Reclaim $4,400 This Month?

Key points:

• Silver, however, tends to outperform gold during middle phases of easing cycles, when liquidity is rising but inflation expectations remain stable. This dynamic may explain why silver has surged faster in recent weeks.

• Industrial demand for silver has risen sharply in 2025... This shift means silver is no longer just tracking monetary policy or investor flows. Its price is now increasingly tied to industrial resilience and structural long-term demand—factors that support a steady upward trend rather than episodic spikes.

• Silver’s behavior is always more volatile than gold’s—but when silver leads, the metals market typically enters a strong upward phase... Today’s environment is distinct because silver’s rally is being driven by both investment flows and industrial demand, creating a more stable foundation. Therefore, silver’s new record is not a warning sign of excessive speculation—it is more likely a confirmation that market conditions are aligned for sustained strength in precious metals.

• Silver’s volatility means sharp pullbacks are always possible. If leveraged traders unwind positions, short-term pressure could spill over into gold.

3. @Shyon Click to read the article

Key points:

• To me, silver's breakout to new highs is a strong sign that the bull cycle is broadening—not just driven by gold alone. When silver outperforms, it often reflects improving market confidence, stronger industrial-demand expectations, and rising liquidity flowing into higher-beta assets. This kind of price action usually happens in the later stages of a precious-metals uptrend, so I see silver's strength as a confirmation rather than a warning signal.

• Silver's outperformance also makes sense when I consider its dual role—it's both a monetary metal and an industrial one. With ongoing demand from solar, EVs, and electronics, the structural backdrop remains strong. If global manufacturing data continues to stabilize, that industrial tailwind can amplify silver's moves, which naturally makes it more volatile than gold in a bullish phase.

• Overall, I view both moves as healthy for the broader metals market. Gold is behaving like the steady anchor of the bull trend, while silver is the high-momentum confirmation. As long as the macro environment doesn't abruptly reverse, I think silver can continue outperforming, and gold still has a realistic path toward fresh highs before year-end.

4. @Esther_Ryan Gold-Silver Ratio Breaks 14-Year Support: Silver Speed Up? Top ETFs & Stocks

Key points:

• The Gold-Silver Ratio (GTS) = Gold price ÷ Silver price. It measures the relative value between the two metals. A declining ratio means silver is rising faster than gold.

Current Gold-Silver Ratio quote: around 68

• Repair method is always silver surging: Gold typically rises only 5-15%; silver's gains are 2-5x gold's

• Entry timing: Best to enter within 1-2 months after breaking above 100. Currently in the "silver breakout confirmation period"

• The Gold-Silver Ratio breaking below 14-year support is a signal for silver's medium-term catch-up rally, but not a guarantee of overnight riches. History doesn't repeat itself simply, but it often rhymes—this time it's rhyming with 2003 and 2020.

🐯Recommend to read: Gold–Silver Ratio Crashes Ahead of the FOMC: Is an Inflation Wave Coming?

🔎Questions for you:

1. “Silver Breaks Away: What’s Really Driving the 2025 Precious-Metals Split?

2. With silver up nearly 110% YTD and breaking multi-year resistance, is this a momentum trade to ride — or a late-cycle FOMO trap?

3. If volatility spikes in silver, which instruments or stocks (miners, ETFs, futures spreads) offer the best risk-adjusted opportunities?

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