Geopolitical tensions rise, gold and silver hit new highs, but the US dollar is weakening?

【CryptoWorld】Recently, the market has shown some interesting contrasting phenomena. When geopolitical tensions tighten, funds flow into hard assets. Gold just broke through $4,560 per ounce to hit a new all-time high, and silver also surged above $84. According to historical experience, the dollar should be strong at such times, but what happened? The US dollar index actually fell to 98.53.

This change is worth pondering. During past decades of financial crises, the dollar has always been the last refuge—chaotic times make the dollar stronger. But the current situation is different. Market observers have pointed out that silver futures are in a futures premium, indicating that companies are hedging against potential future supply shortages. In other words, the real demand in the real economy is sending signals.

A deeper interpretation is that this wave of market activity may reflect a re-pricing of currency risk. Previously, people relied on the dollar; now they are re-evaluating it—this is a generational shift in valuation logic. Whether you are a crypto asset holder or a traditional investor, this signal is worth paying attention to. The asset allocation trend may be quietly shifting.