The recent surge in the non-ferrous metals sector is not driven by improvements in fundamentals or supply pressures, but rather is highly tied to the AI technology boom. This has caused assets like copper and related commodities to perform particularly strongly within the non-ferrous category—they are essentially investment amplifiers under the AI narrative.

But there is a critical problem: high correlation is a double-edged sword. Once the AI concept experiences a correction or decline, copper prices will definitely follow, and the reaction could be even more intense. Therefore, funds that are purely riding the AI hype will also be the first to fall when the market turns.

By comparison, traditional safe-haven assets like gold and silver are truly defensive weapons. They do not rely on any single narrative and tend to be the most stable choices during periods of uncertainty and risk release. In facing future variables, these seemingly "low-profile" assets actually provide investors with the greatest certainty.