Silver prices face a life-or-death test between $115 and $120 per ounce—what does this mean for cryptocurrencies?

According to a report by Bijie Network: This month, the price of silver has soared by more than 60%, reaching a historic high of $119 per ounce, sparking intense debates about bubbles and structural gaps. Although strategists such as Marko Kolanovic have warned that speculative trading could lead to a "blow-off top," Citigroup believes there is still room for silver prices to rise, citing a seven-year supply shortage and record-breaking industrial demand. As bitcoin, ethereum, and solana are trading near their cycle highs, the cryptocurrency market is closely watching silver's parabolic movement for clues about risk appetite and bubble dynamics.