#美国证券交易委员会推进数字资产监管框架创新 Silver just hit a new all-time high of $66.87 per ounce! Gold also surged to $4368.1 per ounce. This market move is really fierce; on December 17 alone, March silver futures skyrocketed by $3.392, and February gold futures jumped $35.8 in a single day.
Even more outrageous is that silver has increased by nearly 130% this year. There are several driving forces behind this: first, global silver inventories are becoming increasingly tight; second, explosive growth in demand for silver in industries like solar energy, electric vehicles, and data centers; third, geopolitical tensions fueling safe-haven buying.
On the geopolitical front, the U.S. has taken a tougher stance against Venezuela—direct military encirclement, with oil tankers being blocked. Although Venezuela's crude oil production has fallen below 1 million barrels per day (a 70% cut from the peak), crude oil still rebounded 1.7% to $56.50 per barrel. Tensions are rising further as the U.S. prepares new sanctions against Russia's energy sector. These layered risk factors continue to boost the safe-haven appeal of precious metals.
From a technical perspective, silver bulls aim to break through $70.00 per ounce, while bears are defending the $60.00 level. Recent resistance is at $67.00, with support around $65.00. Although the U.S. dollar index still has some strength, the 10-year U.S. Treasury yield hovers at 4.155%, making the overall situation quite uncertain.
For holders of assets like $BTC, $ETH, $SOL, etc., this rally in precious metals as a safe haven also reflects investors' growing caution toward risk assets.
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#美国证券交易委员会推进数字资产监管框架创新 Silver just hit a new all-time high of $66.87 per ounce! Gold also surged to $4368.1 per ounce. This market move is really fierce; on December 17 alone, March silver futures skyrocketed by $3.392, and February gold futures jumped $35.8 in a single day.
Even more outrageous is that silver has increased by nearly 130% this year. There are several driving forces behind this: first, global silver inventories are becoming increasingly tight; second, explosive growth in demand for silver in industries like solar energy, electric vehicles, and data centers; third, geopolitical tensions fueling safe-haven buying.
On the geopolitical front, the U.S. has taken a tougher stance against Venezuela—direct military encirclement, with oil tankers being blocked. Although Venezuela's crude oil production has fallen below 1 million barrels per day (a 70% cut from the peak), crude oil still rebounded 1.7% to $56.50 per barrel. Tensions are rising further as the U.S. prepares new sanctions against Russia's energy sector. These layered risk factors continue to boost the safe-haven appeal of precious metals.
From a technical perspective, silver bulls aim to break through $70.00 per ounce, while bears are defending the $60.00 level. Recent resistance is at $67.00, with support around $65.00. Although the U.S. dollar index still has some strength, the 10-year U.S. Treasury yield hovers at 4.155%, making the overall situation quite uncertain.
For holders of assets like $BTC, $ETH, $SOL, etc., this rally in precious metals as a safe haven also reflects investors' growing caution toward risk assets.