How do I view the trading opportunities of tokenized silver?

From a purely trading perspective, the opportunities brought by tokenized silver are more reflected in rhythm and structure rather than long-term direction.
My own approach is very clear:
* Do not treat tokenized silver as a "digital version of physical storage"
* Focus more on the price difference between it and spot silver, futures silver
* Be cautious of sharp fluctuations during liquidity concentration
In extreme market conditions, on-chain prices often react faster than traditional markets, which is both an advantage and a risk.
Fast means you can act first;
it also means you might be the first to be taken out.
Therefore, when participating in such assets, I emphasize:
Light positions, quick entry and exit, strict risk control.
The wave of tokenized silver may leave behind real infrastructure or eliminate a bunch of follow-the-trend projects.
But regardless of the outcome, it has already reminded the market of one thing:
Traditional assets are being reassembled and restructured.
And what traders need to do is never to blindly believe in narratives, but to see through the structure.