Last night, the precious metals market once again staged a feast of gains. Silver futures suddenly gained momentum, surging over 11% in a single day, with a weekly increase of nearly 20%; although gold futures rose more modestly, they are not to be underestimated, with a daily increase of over 1.3% and a weekly jump of 4%, both hitting new all-time highs.

The driving forces behind this wave of market movement are quite clear. First is the macroeconomic environment shift — the Federal Reserve entering a rate-cut cycle, with the US dollar index under pressure and weakening, providing natural support for dollar-denominated precious metals. Second are changes in industrial fundamentals, with rising demand for silver in electronics, photovoltaics, new energy, and other industries. Under the dual influence of industrial and financial attributes, the appeal of precious metals is self-evident.

Market expectations are also quite optimistic. Some Wall Street strategists forecast that gold futures could surge to $10,000 per ounce next year, and silver futures may also reach the $100 per ounce level. These target prices may seem exaggerated, but given the current policy environment and demand backdrop, they are not entirely impossible.

In the short term, next week’s performance of the precious metals sector is worth watching. If this momentum continues, related investment opportunities could further open up. For those interested in this sector, now is a good time.