#贵金属黄金与白银刷新历史高位 Gold and silver suddenly experience a V-shaped surge. What is the real story behind this?

The scene at the opening last night probably caught many off guard—gold surged by 115 points, and silver followed suit with a sharp rise. The ferocity of this market move indeed exceeded expectations. Many investors had already bought at relatively low levels around 11 PM, but there are still many who haven't reacted yet. Honestly, what retail investors fear most when trading gold and silver is not being able to see through the logic behind these fluctuations.

The previous market expectation was actually a different picture: signals of easing in the Russia-Ukraine situation, a temporary cooling of geopolitical disputes, and less tense policy rhetoric. Logically, with gold continuously rising like this, it should have entered a correction phase. But what happened? As soon as the market opened, gold and silver shot up with high trading volume. Although there was a slight pullback in the middle, they immediately reversed and surged again. Those resistance levels that once seemed solid were broken through in the blink of an eye.

What is really going on? Looking at other market movements can give us some clues. Before gold rose, US Treasury yields skyrocketed, while the US dollar index was falling. What does this signal? Capital is fleeing in large scale—both the dollar and US Treasuries are being sold off, with massive capital withdrawing from the US market. Recently, pension funds in Denmark and Canada announced they would reduce or liquidate their US debt holdings. The market’s panic sentiment is evident.

Why is this happening? Ultimately, it’s still about policy expectations being unstable. Tariff policies change unpredictably, geopolitical actions are frequent, and even traditional allies are sometimes hit with tariffs. This unpredictability has completely eroded investors’ sense of security. Against this backdrop, large amounts of capital have no choice but to flow into traditional safe-haven assets like gold and silver.

In the end, overusing policy tools can weaken their deterrent effect, often resulting in shooting oneself in the foot. From the retail investor’s perspective, this market turbulence actually opens up room for gold and silver to rise, and the opportunity for a V-shaped reversal is born.