#Gate广场五月交易分享 Gold and silver are rising a bit “not playing by the rules”

Today, these precious metals are basically “going on a rampage”! International gold prices directly broke through the $4,700 mark, and silver is even more aggressive. Yesterday it was a sharp “V” reversal, and today it’s straight up soaring with a full-on assault from the bulls.
Why is it so strong? Simply put, market sentiment has changed. Everyone was originally worried about the fighting in the Middle East—oil prices shot up, inflation pressure was heavy, and a Fed rate cut seemed out of the question. Then, suddenly, news came that there were developments in the US-Iran talks—an agreement might be reached! Oil prices promptly fell hard, and concerns about inflation eased a lot. The market immediately started pricing in expectations of a “Fed rate cut,” the dollar weakened, and non-yielding assets like gold and silver started attracting attention fast, climbing sharply.
Also, silver has its own “hard logic”—there isn’t enough of it! Global silver has been in supply shortage for several years in a row, especially in high-tech industries such as photovoltaics, electric vehicles, and AI servers, where demand for silver is extremely strong. With inventories getting lower and lower, prices naturally gain confidence.
How about the strategy?
Gold: The short-term rally has moved too fast, and technical indicators are already looking a bit “overheated.” Chasing the price is not without risk. The strong resistance area above is $4,730–$4,750, where many people were previously trapped. So don’t rush to chase the highs—wait for a pullback opportunity. If the gold price can test and hold within the $4,660–$4,690 support zone, then considering entering long positions would be more prudent. Keep an eye tonight on the US initial jobless claims data, which could trigger some volatility.
Silver: It has even greater elasticity than gold, and when it rises, it rises even more wildly. The long-term supply-and-demand story is very enticing, but short-term fluctuations can be huge too. If you’re trading medium- to long-term, consider building positions on dips in batches; if you’re trading short-term, be sure to set stop-losses, control your position size, and watch out for it to “jump around.”
Wishing everyone smooth trading and plenty of good luck with gains 😀