
Jakarta, Pintu News – In the ever-evolving world of investment, silver’s surge to a 46-year high has significantly altered market psychology. This month, silver recorded its highest monthly close at $58, a phenomenon that hasn’t happened in decades.
This phenomenon has not only caught the attention of traditional investors but also sparked great interest in tokenized silver, a young and potentially large sector in the crypto ecosystem.
Silver, often regarded as gold’s quieter sibling, surprisingly surged to $58 per ounce, the highest monthly closing price in 46 years. This price increase was triggered by a significant increase in demand from various industrial sectors and investors seeking safe haven assets amid global economic uncertainty.
This rise has not only changed investors’ outlook on silver but also attracted more attention compared to Bitcoin in global searches on Google Trends. This indicates a shift in interest that may have a long-term impact on the metals and crypto markets.
Despite the surge in silver prices, the tokenized silver sector is still in its infancy with only a few projects emerging such as Kinesis Silver (KAG) and Gram Silver (GRAMS). This sector offers an opportunity for investors to get involved in the metals market without having to physically own the metal directly.
Read also: Yuan Prints Best Performance Since 2020, What Impact on Crypto Market?
These projects are still small in comparison to the overall crypto market, but their rapid growth shows great potential. Silver tokenization allows for higher liquidity and easier access for investors, which could change the way the market views precious metal investments.
The tokenization of silver and other precious metals is interesting because it allows the integration of real assets into the blockchain, offering greater transparency and security. This is in line with a larger trend where real assets are starting to ‘move’ to blockchain, offering ease and efficiency in transactions.
Investors are now more aware of the benefits that can be derived from diversifying their portfolios not only in digital assets but also in tokenized real assets. This opens up new avenues for innovation in investment and asset management.
The development of blockchain technology allows commodity assets like gold to exist in digital form, providing a new way to own and trade real value-based assets.
While Digital Silver (XAG) is not yet available on Pintu, assets like Tether Gold (XAUT) offer a digital commodity option that has been widely adopted. XAUt is a physical gold-backed ERC-20 token, where one token represents one troy ounce of pure gold stored in vaults in Switzerland. This tokenization structure ensures a direct link between on-chain assets and certified gold reserves.
XAUt is traded on a number of global crypto platforms and provides an alternative for users who want to gain exposure to gold without holding physical assets. Characterized as a hedge against economic volatility, Tether Gold provides an efficient way to access gold through the blockchain network while remaining within the digital asset ecosystem.
Silver’s recent highest monthly closing price was $58 per ounce, which is a 46-year record high.
Kinesis Silver (KAG) and Gram Silver (GRAMS) are projects in the tokenized silver sector, allowing investors to invest in silver in the form of digital tokens.
Investors are attracted to tokenized silver because it offers transparency, higher security, and ease in transactions, as well as enabling the integration of real assets into the blockchain.
Recently, interest in silver has surpassed Bitcoin (BTC) in global searches on Google Trends, indicating a shift in investor interest.
The tokenized silver market has great potential for the future as it offers innovation in the way precious metal assets are invested and managed, which can attract more investors and increase market liquidity.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference