[Chain News] Silver has really surged this time, breaking the $57 barrier for the first time in history!
I just saw the spot silver price soar to $57.3 per ounce, up 1.34% today. To be honest, this round of precious metals market is quite interesting, with gold and silver taking turns reaching new highs, reflecting a risk aversion sentiment that is worth paying attention to.
I remember that many people compared BTC with gold before, referring to the concept of digital gold. Now that traditional safe-haven assets are so strong, I wonder if it will affect the flow of funds? Anyway, the fluctuations in the macro market have indeed been quite significant recently, and the changes in the correlation of various assets are also quite interesting.
What does everyone think about this round of precious metal market? Will it have any impact on the crypto market?
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ChainMelonWatcher
· 13h ago
Silver breaking 57 is really amazing, but that being said, in the crypto world, we still have to rely on ourselves. No matter how strong traditional safe-haven assets are, they can't take away our heat, right?
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ChainSherlockGirl
· 13h ago
The silver breaking 57, according to my analysis, is the market saying "I'm scared". Large Investors are probably secretly moving their positions. This wave of trends in the crypto world might be eaten away by traditional safe-haven assets. Just my personal speculation, haha.
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GateUser-9ad11037
· 13h ago
Silver breaking 57 is so fierce, it feels like risk-averse funds are really rushing in. Is this good or bad for BTC?
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WagmiWarrior
· 13h ago
Silver broke 57, we all saw it, but to be honest, I still have faith in BTC this time. Traditional safe-haven assets are strong, but the story of digital gold has been told for so many years...
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StopLossMaster
· 13h ago
Silver breaking 57 is really amazing, but to be honest, BTC can't really benefit from this wave of safe-haven demand right now; the capital structure is a bit chaotic.
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ChainMaskedRider
· 13h ago
Silver breaks 57 and wants to take BTC's job? Hehe, traditional assets can never outrun the speed of on-chain.
Silver has historically broken the $57 barrier! What does the surge in safe-haven assets mean for the crypto market?
[Chain News] Silver has really surged this time, breaking the $57 barrier for the first time in history!
I just saw the spot silver price soar to $57.3 per ounce, up 1.34% today. To be honest, this round of precious metals market is quite interesting, with gold and silver taking turns reaching new highs, reflecting a risk aversion sentiment that is worth paying attention to.
I remember that many people compared BTC with gold before, referring to the concept of digital gold. Now that traditional safe-haven assets are so strong, I wonder if it will affect the flow of funds? Anyway, the fluctuations in the macro market have indeed been quite significant recently, and the changes in the correlation of various assets are also quite interesting.
What does everyone think about this round of precious metal market? Will it have any impact on the crypto market?