According to The Kobeissi Letter, open interest in silver futures surged by $2.8 billion over the past two days, marking the largest increase in at least a year and surpassing the previous high of $2 billion set in October 2024 (source: @KobeissiLetter, June 5, 2025). This significant jump in futures activity coincides with a nearly 4% price increase today, indicating heightened market momentum. For cryptocurrency traders, this rising interest in silver may draw institutional capital away from digital assets or catalyze correlated moves in tokenized commodities and precious-metals-backed crypto products, driving short-term volatility and new trading opportunities.