Tokenized Silver Volumes Soar Over 1,200% In A Month As The Metal’s Price Rallies
Volumes for tokenized silver have soared over 1,200% in the past month as activity in futures and exchange-traded funds (ETFs) for the metal surge as well.
That’s as the price of silver went on to set multiple record highs in the past month and continues to rally.
Tokenized Silver Metrics Surge
Data from the on-chain market tracking platform RWA.xyz shows that the monthly transfer volume for Ondo Finance’s tokenized version of the iShares Silver Trust (SLV) has jumped more than 1,200% over the past 30 days to more than $100.19 million.
Transfer volumes for tokenized SLV (Source: RWA.xyz)
That’s alongside a strong increase of roughly 300% in the number of holders and a near 40% rise in net asset value.
Tokenization involves representing real-world assets as digital tokens on the blockchain. This process helps make the assets more accessible as well as more easily tradable and divisible.
For instance, Ondo’s tokenized SLV allows investors outside of the US to gain exposure to SLV with the ability to mint, redeem, and transfer tokens around the clock.
China Will Restrict Silver Imports From Jan. 1
Analysts have attributed the soaring silver price to a severe global supply shortage, along with the recent surge in precious metal prices amid ongoing macroeconomic uncertainty.
Adding to the supply crunch, China has said it will move to restrict silver exports starting Jan. 1, 2026. Tech billionaire and Tesla founder Elon Musk has commented on the decision, labelling it as “not good.”
He noted that silver is needed in many industrial processes, and a restriction on Chinese exports could negatively impact the industries that rely on the metal.
Silver Volatility Spikes, But Rally “Still Has A Long Way To Run”
The price of silver has recently entered a volatile period.
Earlier today, market commentator The Kobeissi Letter said that the metal’s price surged to a record high of $83.75 at 6:20 p.m. ET. Just over an hour later, silver’s price plummeted to a low of $75.15, erasing 10% of its value in 70 minutes.
Bitcoin critic and gold investor Peter Schiff commented on silver’s volatility. In an X post today, he noted that the metal’s price has since recovered after that steep drop. He also predicted that the current “historic bull market still has a long way to run.”
Meanwhile, renowned analyst and trader Michael van de Poppe said in a Dec. 28 X post that capital will “likely” start to rotate from silver, gold, and platinum towards Bitcoin. He then predicted that BTC would break above the $90K mark and start to move towards $100K.
According to CoinGecko, BTC’s price has managed to break above the $90K mark in the past 24 hours to reach an intraday high of $90,230.38. It has, however, since pulled back to trade at $88,979.15 as of 5:33 a.m. EST.
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