[Institutions: Compared to gold, silver seems to benefit more from U.S. interest rate cuts] According to a report by Jin10, senior market analyst Rania Gule from trading platform XS.com stated in a report that in an environment where interest rates may decline, silver could benefit more than gold. Gule noted that silver is more sensitive to changes in monetary policy. He added that silver's high liquidity, ease of trading, and relatively low cost make it an attractive safe-haven asset for both retail and institutional investors. In 2025, silver rose nearly 148%, reflecting its 'multi-dimensional' nature as a safe-haven asset, a currency hedge, and a critical mineral for the U.S. economy. It is expected that as the U.S. dollar depreciates, silver priced in dollars will become more attractive to non-U.S. buyers, thereby driving global demand.