Metals & Macro Liquidity

On April 17, COMEX gold futures rose by 0.85% to $4,849.40 per troy ounce, while COMEX silver futures increased by 2.82%, settling at $80.93 per troy ounce.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Mitsui & Co. Digital Commodities has launched Zipangcoin (ZPG), representing precious metals, on Optimism's OP Mainnet, enhancing trading efficiency and accessibility for investors. This move supports the adoption of tokenized real-world assets in the digital investment landscape.

Gate News message, April 17 — Gold futures in New York broke above $4,900 per ounce during today's session, rising 1.91% intraday, according to data from Gold Ten.

Gate News message, April 17 — Spot silver extended gains intraday, rising 2% to $79.99 per ounce.

A Citi study recommends combining Bitcoin and gold in investment portfolios for improved long-term returns, noting better performance in various market conditions. Wells Fargo predicts gold could rise to $8,000 by 2027, driven by central bank concerns. Meanwhile, Bitcoin funding rates have reached lows, historically marking turning points.

Gate News message, April 17 — Spot silver rose over 1% intraday, trading at $79.20 per ounce.

Former U.S. Treasury Secretary Henry Paulson warns of a potential collapse in U.S. Treasury demand, which could destabilize the financial system and erode confidence in the dollar, shifting investments to Bitcoin and gold. Tether may face risks as well.

Gate News message, April 17 — Spot gold (precious metal commodity traded on global markets) broke through $4,800 per ounce today, rising 0.20% intraday.

A dormant whale address became active after 2.5 months, initiating a 20x leveraged long position in precious metals by acquiring 1,663 GOLD and 43,870 SILVER tokens, totaling about $11.5 million.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to The Block’s report, Hyperliquid’s HIP-3 market open interest reached a peak of $2.38 billion in April, but has recently fallen to $2.1 billion. TradeXYZ dominates the market, accounting for more than 90% of the share. The top ten by trading volume on Hyperliquid are mainly driven by tokenized stocks and commodity futures, offering 24/7 trading services that traditional exchanges cannot provide.

The World Silver Institute forecasts a widening supply shortage in the silver market, projecting a 46.3 million ounce deficit by 2026. While demand for silver bars and coins will rise, other sectors will decline, leading to an overall consumption decrease. Despite near-term challenges, a positive outlook for silver remains.

China's Guotou Ruiyuan Silver Futures Fund will halt trading due to high premiums on its shares, effective until April 16, 2026, at 10:30 a.m. Investors are warned of potential losses from excessive premiums. Trading may be further suspended if premium issues persist.

Gate News message, April 15 — Spot gold (London) fell below $4,800 intraday, declining 0.89% on the day.

Kevin Warsh, nominated by Trump for Federal Reserve chair, is the wealthiest candidate in recent history, with a net worth up to $209 million. His diverse investments include Silicon Valley, fintech, and AI. Despite potential conflicts, he has a modern view on digital assets.

Spot Silver reached $80 per ounce on April 15, achieving a 0.58% intraday gain, marking its highest price since March 18, according to Jin10.

Vaneck did the math to find the “real price of gold” if it were to reclaim its role as the global reserve asset, given that central banks have maintained steady demand. It estimated that each ounce of gold would be priced at $184,211 if adopted as broad money. Vaneck Puts Gold at $184K if

GMX has launched 24/7 gold and silver perpetual markets on Arbitrum, achieving over $10 million in trading volume on day one. Utilizing Chainlink Data Streams for secure pricing, GMX aims to expand into real-world asset derivatives. This move highlights the trend of decentralizing commodity trading.

Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.