The recent market performance is quite interesting—The three major US stock indices closed slightly lower today, but the week's gains are still impressive. The Nasdaq fell 0.09% but gained 1.22% for the week, the Dow Jones dropped 0.04% but increased 1.2% this week, and the S&P 500 had a smaller decline of only 0.03% but achieved a weekly return of 1.4%.



What really stole the spotlight is precious metals. Spot silver surged by 10% today, breaking through the $79/ounce mark, with a year-to-date increase of over 173%, which is quite astonishing. Although spot gold isn't as dramatic, it also rose steadily, up 1.12% to $4531.1/ounce, with a cumulative weekly increase of 4.44%.

On the other hand, blockchain concept stocks are a bit subdued, with most stocks weakening. Strategy(MSTR) only rose slightly by 0.06%, Twenty One Capital(XXI) fell 1.36%, and Circle(CRCL) declined even more, by 1.66%, indicating a reallocation of funds.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BugBountyHuntervip
· 12-27 01:51
The 173% surge in silver is unbelievable, while the concept stocks in the crypto circle are actually underperforming. Funds are really fleeing.
View OriginalReply0
SurvivorshipBiasvip
· 12-27 01:50
Silver surges by 173%, and we're still here watching MSTR keep falling. How ironic.
View OriginalReply0
BakedCatFanboyvip
· 12-27 01:42
Silver's surge of 173%, it's crazy... I was still bottom-fishing MSTR, and I got played.
View OriginalReply0
LightningHarvestervip
· 12-27 01:39
Silver surges by 173%, but the US stock market is just dozing off? Funds are really flowing into precious metals... --- MSTR's increase is funny, gold is soaring wildly and it's still dawdling here --- Wait, is the simultaneous rise of gold and silver a risk signal? Or is a big market move really coming --- The weekly chart is red, but it feels like the hot spots are rotating, and crypto concept stocks are really cold --- You can't see the 173% increase in silver? Don't boast about the small gains in the US stock market
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)