Last night's market was truly on fire. The precious metals sector collectively staged a carnival—silver skyrocketed 11% in a single day, copper surged 5%, and gold was not to be outdone, steadily rising 1.3% and hitting a new all-time high again. Honestly, this scene is a bit surreal.

Waking up to see these numbers, many people might think they’re seeing things. This isn’t a normal fluctuation range; it’s clear that the precious metals market has completely "lost its grip." Short sellers probably didn’t have a good night. The circle is already sharing memes—mostly joking, but enough to show how volatile the market sentiment is.

Why is this happening? It’s definitely not just short-term capital speculation pushing prices higher. Gold has broken its all-time high and shows no signs of stopping, while silver and industrial metals like copper are also going crazy—this signals something very clear: the market is using real action to tell us that the pricing logic of global assets is undergoing a major change.

On the surface, it looks like inflation expectations are driving this, but deeper thinking suggests it might involve a macro reallocation of assets. The correlation among major asset classes is being redefined. Gold, as a safe-haven asset, continues to strengthen its appeal, and other precious metals are rising in tandem. Behind this phenomenon is a collective reassessment of the global economy and asset outlook.

After a sharp rise, volatility is inevitable. Is this the start of a new trend, or just a purely emotional frenzy? The key is whether these high levels can be maintained. Especially for those trading contracts, risk control is the top priority. In extreme market conditions, even a slight relaxation can lead to being "knocked out" by the market—losses can come quickly and fiercely.

Since gold has already set the stage, will the continued performance of silver and copper trigger a new wave of commodity cycles? That’s worth pondering. The movement of precious metals often reflects deeper economic expectations. Once these signals are confirmed, they could drive a reassessment of the entire commodities sector.

Markets are never gentle, but opportunities are indeed hidden within intense volatility. Those who spot the right direction can profit, while those who react too slowly or misjudge may get hurt. When a trend starts, it never gives you a heads-up; it just slams the door shut.

Important reminder: This content is for reference only and does not constitute investment advice. Trading cryptocurrencies and derivatives carries high risks. Be sure to manage risks carefully and make rational decisions.