Silver Hits Record Prices in China as Bitcoin Stalls on Christmas

On Christmas Day, silver prices in China surged to record local levels, driven by severe physical shortages and robust industrial demand, particularly from solar manufacturing and rising electric vehicle production. This contrasts sharply with Bitcoin, which traded sideways in thin holiday liquidity, suggesting investors favored tangible hard assets over digital ones during this period of scarcity and geopolitical stress. Globally, spot silver hovered near all-time highs, up over 120% in 2025, while gold rose about 60%, whereas Bitcoin ended the month lower after peaking earlier. The pressure in the silver market is exacerbated by geopolitical risks increasing demand for silver in military electronics. The divergence highlights that physical scarcity tied to industrial and defense needs is currently more compelling to capital flows than digital scarcity alone.

(Source：BeInCrypto)