The sharp increase in Tokenize silver trading suggests that investors are accessing the metal directly on the blockchain.
Interest in silver is spreading to Tokenize markets, as on-chain volume increases in parallel with activity in Futures Contract markets and ETFs, amid volatile silver prices after repeatedly hitting record highs throughout the month.
Data from RWA.xyz shows that the monthly trading volume of the Tokenize version of the iShares Silver Trust (SLV) has increased by over 1,200% in the past 30 days, along with an approximately 300% increase in the number of holders and a nearly 40% increase in net asset value (NAV).
Tokenize is the process of representing real-world assets—such as private Capital , real estate, commodities, etc.—as digital Token on a blockchain. This makes assets easier to trade and more Chia , opening up the possibility of Shard ownership and increasing liquidation.
For example, Tokenize silver trusts allow investors outside the US to access SLVs, with the ability to Mint, redeem, and transfer Token 24/7.
Prices in the physical market have diverged sharply from Futures Contract prices. Analysts say the premium in Asia has risen to double digits against COMEX , while the London futures curve is in backwardation — meaning that at around $80/ounce, spot silver is more expensive than futures, indicating short-term supply pressure.
The rise in silver prices is being driven by a convergence of supply constraints, structural demand, and favorable macroeconomic factors, resulting in an increasingly tight physical market.
Analysts also pointed out that China 's decision to implement an export licensing mechanism for refined silver from January 1st raised concerns about supply — driving prices up — while raising margin requirements for Futures Contract and year-end rebalancing activities further complicated trading in traditional markets.
At the same time, demand from the solar power industry continues to grow, with silver consumption for photovoltaic cell production remaining almost inelastic even as prices have more than tripled compared to 2024.
The fact that silver is rising in price on the blockchain, alongside the traditional financial market (TradFi), is further evidence that the trend of Tokenize assets is not just temporary but is gradually becoming the norm.
