The tokenization of silver: a new skin for precious metals or a new story in crypto?

Recently, "tokenized silver" has suddenly become a hot topic. The fluctuations in silver prices in the real world haven't fully settled yet, but on the blockchain, the story of "silver going on-chain, 24/7 trading, borderless settlement" has already begun.
To start with the conclusion:
Tokenized silver is not about creating demand out of thin air, but about changing the way participation works.
Silver itself is not new; in fact, it can be considered one of the most "old-fashioned" assets. But it has long faced several issues:
Limited liquidity, restricted trading hours, high cross-market transfer costs.
Tokenization provides technical solutions precisely in these areas.
Mapping silver to on-chain tokens essentially endows it with:
* 24/7 tradability
* Finer granularity of participation thresholds
* Faster settlement efficiency
But this does not mean "the price will definitely rise."
Tokenization addresses friction costs, not supply and demand itself.
If you see it as a "silver bull market accelerator," it's easy to overestimate the short-term potential.
In my view, this wave of enthusiasm is more like a "asset form upgrade test" rather than the end of a trend.