South Korean Investors Shift Focus From Cryptocurrency To Silver

According to Odaily, market observers have noted a shift in investment behavior among South Korean investors, moving from virtual currencies to physical precious metals, with silver emerging as a new speculative target. Data reveals that 31% of South Korean employees hold virtual currencies, with the 20-39 age group accounting for 61% of this demographic. However, as South Korea includes virtual currency trading income in personal income tax, investment patterns are changing. Compared to gold, which has a higher unit price and is more challenging to purchase physically, silver futures require only a 5% margin, significantly lower than stocks. Additionally, silver's daily price fluctuation of 30% is less volatile than that of virtual currencies.