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

A crisp leap successful tokenized metallic trading suggests investors are getting vulnerability to the metallic onchain.

Dec 29, 2025, 8:47 a.m.

Interest successful metallic is spilling into tokenized markets, with onchain trading volumes rising successful parallel with enactment successful futures and exchange-traded funds (ETFs) arsenic the metallic experiences volatility aft hitting successive grounds highs each month.

Data from RWA.xyz shows the monthly transportation measurement for its tokenized mentation of the iShares Silver Trust (SLV) has jumped much than 1,200% implicit the past 30 days, alongside a astir 300% summation successful holders and a adjacent 40% emergence successful nett plus value.

Tokenization involves representing real-world assets, specified arsenic backstage equity, existent estate, commodities and more, arsenic integer tokens connected a blockchain. The process helps marque the assets much easy tradable and divisible, opening up caller possibilities for fractional ownership and liquidity.

The tokenized metallic trust, for example, allows non-U.S. investors to summation vulnerability to SLV, with the quality to mint, redeem and transportation tokens astir the clock.

Pricing successful carnal markets has diverged sharply from pricing of futures, with analysts pointing to premiums successful Asia reaching double-digit levels implicit COMEX, and the London guardant curve sitting successful backwardation — meaning that astatine adjacent to $80 an ounce the metallic costs much contiguous than successful future, a motion of near-term proviso stress.

Silver’s rally has been driven by a convergence of proviso constraints, structural request and macro tailwinds that person tightened carnal markets.

Analysts constituent to China's decision to enforce export licensing connected refined metallic starting Jan. 1 arsenic adding to concerns astir proviso availability — raising prices — portion higher futures margins and year-end positioning person analyzable trading successful accepted venues.

At the aforesaid time, request from the solar-power manufacture continues to rise, with metallic depletion tied to photovoltaic manufacturing remaining mostly inelastic adjacent aft prices much than tripled from 2024 levels.

Silver's onchain rally successful parallel to its TradFi counterpart seems to beryllium different datapoint to show that tokenized versions of assets are a inclination that's present to stay.

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