This year, the precious metals market has indeed exploded. In the new energy sector, lithium carbonate has doubled in just a few months, and the polycrystalline silicon used in AI chips has also surged wildly. The underlying logic behind this is quite interesting—it's a fierce competition for upstream raw materials driven by industrial upgrading.

By digging deeper into the procurement lists of major chip manufacturers like NVIDIA, I found that the use of silver far exceeds expectations. High-end computing chip modules that use silver sintering technology can consume hundreds of grams of silver per unit. Some industry data shows that the silver consumption of top-tier large chips has already exceeded 500 grams per piece. When stacking chips in a cabinet, the amount of silver consumed can be a valuable reference for investment.

This also explains why precious metals and high-tech hardware have formed a fascinating resonance this year—each link in the industrial chain is closely connected, with one driving the next.