2025 Annual Investment Report: Silver Turns Out to Be the Biggest Winner

What if you had invested 100 yuan in each asset at the beginning of last year—buying gold, silver, Nvidia stocks, Bitcoin, and Ethereum—and held until the end of the year?

The results were surprising. Silver became the absolute winner with an increase of over 160%. Gold and Nvidia also did not disappoint, with both gaining more than 50% over the year, showing quite stable performance. What about Bitcoin and Ethereum? Although more volatile, they were overtaken by traditional assets this time.

This is an interesting phenomenon. Bitcoin, long regarded as "digital gold," was actually outperformed by physical silver in 2025. The market logic is quite complex—inflation expectations, dollar cycles, risk aversion sentiment, industrial cycles—all these factors combined have made traditional precious metals and tech giants the biggest gainers this year.