data:image/svg+xml;base64,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 Further decoding reveals more path details, such as coordinates like "13.08-3.56,24.35-11,36.13-17.3" indicating curved lines and shapes in the illustration.

Correct. Unit bias pulls retail and small institutional demand toward silver first. As gold becomes scarce or unaffordable, substitution follows through mixed alloys, lighter jewellery, and investment rotation into silver, platinum, and even copper. The process reduces gold’s physical velocity while amplifying silver’s monetary role. It mirrors historical transitions seen in late-cycle monetary stress, where silver temporarily bridges the gap between collapsing fiat and constrained gold reserves. No AWS effect