Precious metals shine collectively, with silver approaching a historic high.
Today, COMEX silver futures for the current month rose by $4.563 to $81.22 per ounce, a 5.95% increase. Spot silver also followed suit, rising to $81.25 per ounce, up 6.06%. This wave of silver market momentum is indeed fierce—the entire precious metals sector is busy. Gold futures increased by $54.20 to $4505.7 per ounce, up 1.22%; platinum surged by $170.8 to $2456 per ounce, a 7.47% increase; palladium also showed strength, rising by $126.4 to $1892 per ounce, up 7.16%.
LME nickel performed equally impressively, rising by $1427 to $18430 per ton, an 8.39% increase.
However, the energy sector tells a different story. WTI crude oil futures on January 06 fell by $1.35 to $56.97 per barrel, a 2.31% decline. While precious metals are hot, crude oil is weakening—such divergence in the current market environment is not surprising.
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MemeKingNFT
· 22h ago
Silver reaches a historic high, but I feel uneasy... Isn't this a classic "market sentiment overheating" signal? The on-chain data has already indicated it.
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Hey, the pace is rapid, with precious metals soaring across the board, but crude oil is plunging? Feels like setting a landmine for the market.
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Silver +6%, platinum +7%... Wow, these gains look fierce, but I always feel this is the last fake-out before the bottom is truly in. Going with the trend is fine, but don't let the retail mentality lead you astray.
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Platinum and palladium soaring together, and London nickel hitting 8%? Is this a bearish signal? Why is no one discussing the liquidity issues behind this?
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Is a new all-time high necessarily a good thing? I've already taken enough losses in the NFT market. I need to think more about this "mainland sinking and rising" in precious metals.
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Crude oil crashes, precious metals celebrate, and market sentiment is split like this... I bet this is the last turbulence before a consensus forms at the bottom.
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Wait, this recent wave of precious metals market, I feel like I've seen it before. Is it a replay of a failed cycle? I need to check the on-chain data.
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Silver is at $81, if it rises further, it will break my psychological threshold. Should I buy the dip now or wait? My mind is a bit chaotic.
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GasFeeSobber
· 01-09 18:35
The recent surge in silver is quite intense, almost breaking the all-time high? Should I jump in now or wait a bit?
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failed_dev_successful_ape
· 01-09 03:21
The surge in silver is incredible, pushing close to its all-time high at $81, and platinum and palladium are going crazy... It's just strange that crude oil is still falling.
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NFTBlackHole
· 01-07 00:46
Silver is taking off, I need to stock up now. I still feel there's more to come later.
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GateUser-3824aa38
· 01-07 00:29
Silver is going crazy this wave, soaring directly... But why is crude oil still falling? The divergence is too obvious.
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RatioHunter
· 01-07 00:24
No one can stop this crazy surge in silver, but reverse trading in crude oil is really interesting... Is the risk aversion sentiment rising again?
Precious metals shine collectively, with silver approaching a historic high.
Today, COMEX silver futures for the current month rose by $4.563 to $81.22 per ounce, a 5.95% increase. Spot silver also followed suit, rising to $81.25 per ounce, up 6.06%. This wave of silver market momentum is indeed fierce—the entire precious metals sector is busy. Gold futures increased by $54.20 to $4505.7 per ounce, up 1.22%; platinum surged by $170.8 to $2456 per ounce, a 7.47% increase; palladium also showed strength, rising by $126.4 to $1892 per ounce, up 7.16%.
LME nickel performed equally impressively, rising by $1427 to $18430 per ton, an 8.39% increase.
However, the energy sector tells a different story. WTI crude oil futures on January 06 fell by $1.35 to $56.97 per barrel, a 2.31% decline. While precious metals are hot, crude oil is weakening—such divergence in the current market environment is not surprising.