Tokenized silver volumes explode as metal's price rises to record

Interest in silver is surging on-chain, mirroring volatility in traditional markets where the metal has reached successive record highs. Data shows that the monthly transfer volume for the tokenized version of the iShares Silver Trust (SLV) has jumped over 1,200% in the last 30 days, accompanied by a 300% increase in holders. Tokenization represents real-world assets as digital tokens, enhancing tradability and liquidity, and in this case, allowing non-U.S. investors 24/7 access to SLV exposure. The physical market is showing signs of stress, with premiums in Asia reaching double digits over COMEX and the London forward curve in backwardation. Analysts attribute silver's rally to supply constraints, structural demand (especially from the solar industry), and macro factors, including China's upcoming export licensing for refined silver starting January 1st. This parallel rally between tokenized and traditional silver markets suggests that tokenized assets are becoming a permanent fixture.

(Source：CoinDesk)