Silver has been surging like crazy lately, with its market cap shooting straight into the global TOP 6 assets.

It’s doubled within the year. If this momentum keeps up, it might even break into the top three in the next year or two, going head-to-head with giants like Apple and Nvidia.

If you want to get in, don’t rush. I’ll be closely watching these four indicators:

1. The direction of the US dollar and real interest rates—these two directly determine where the money flows.
2. How tight the spot market really is, and whether leasing costs are soaring—don’t just look at price increases; check if there’s a real supply shortage.
3. Are big funds like ETFs still pouring in, or was it just a one-day hype that fizzled out?
4. What’s the outlook for industrial demand—silver isn’t just a safe-haven asset, it’s also a real industrial material, so you have to look at both sides.

Market sentiment can spike quickly, but the key is how long this rally can last.