During the Spring Festival holiday, precious metals and crude oil prices surged strongly. Industry experts warn to be cautious of potential market volatility in the future.

During the Year of the Horse Spring Festival holiday, the global commodities markets showed divergence, with overall gains led by precious metals and a strong energy sector. Notably, NYMEX silver futures, gold futures, Brent crude oil futures, and WTI crude oil futures saw significant increases, becoming the market focus. Other categories such as industrial metals showed mixed performance. Industry insiders say that geopolitical tensions between the US and Iran, US tariff policy decisions, and other events have influenced the prices of precious metals and crude oil. Tight silver inventories and other fundamental factors also supported their rise. Looking ahead, due to uncertainties in supply, seasonal demand fluctuations, and macroeconomic disruptions, commodity price volatility is likely to increase. Precious metals and crude oil will remain the core volatile assets in the market, and investors should pay close attention to related risks. (China Securities Journal)