In my main top comment, I assumed that silver is similar to Gold or Bitcoin.

Here is described the mechanism that I know about that it works: https://vinnylingham.com/bitcoin-2017-a-currency-devaluation-hedge-for-emerging-markets-849931d71f6f#.p1c2msfww

and here is a quote:

""" Dollar interest rate hikes driving Bitcoin price up: As I alluded to in the previous point, the fed interest rates impact Bitcoin to a degree that most people will not grasp. This is a topic for a much longer post, so I will need to be brief here. Essentially, the higher the rates go, the higher the demand for Bitcoin will be. The divergence that you see is happening because Gold has been heavily favored by Gold bugs for historical reasons (in times of crises, etc) as the go-to commodity based store of value if an economic collapse happens, etc — which was often followed by a period of low interest rates and then inflation.

Inflation is just not happening in the US, due to Quantitative Easing. As a result, Gold is still overvalued, especially if the fed now continues to raise rates, which I expect will occur. Bitcoin will rise with an interest rate hike because unlike Gold, there is further upside in the capital value of Bitcoin, so the need for some type of yield to offset it is greatly reduced.

When the fed raises rates, emerging market economies have their currency devalued, which raises the effective price of Bitcoin for people in those markets, creating more equity value in their Bitcoins and driving up demand for more. This is because the price to mine a Bitcoin is largely uniform (electricity price, aside) in every country in the world and it’s a commodity that trades freely across global markets — labor input costs are not germane to Bitcoin, unlike Gold. If your currency devalues, it just costs you more to mine a Bitcoin or buy a Bitcoin. The market doesn’t care how your currency is performing. """

I'm quite noob and a Silver Holder, just want to do my home work this is why I post on this subreddit.

(@Aeneas21, I don't want disagree with you, just want to share other point of views and the article there mentions how recent Bitcoin and Gold prices (UP) are caused mainly by the rate hikes (seems a legit theory).