PANews reported on February 1st, citing Caixin, that Steve Sosnick, chief strategist at Interactive Brokers, believes silver's recent performance resembles that of a "meme stock." While the news of Trump's nominee for Federal Reserve Chairman, Warsh, put pressure on silver trading due to a stronger dollar, the decline had already begun in overnight trading before the nomination announcement. Furthermore, data shows that gold and Bitcoin have performed remarkably well over the past two years, with their returns differing by only a few percentage points, and these two assets are now showing convergence again. Sosnick concludes by noting that while investors' desire for alternative assets and momentum trading remains, the "meme-ification" of traditional commodities with millennia of history may be nearing its end.