Gold and silver's performance today can truly be described as a roller coaster. On the morning of December 29, London silver once surged to $83.94/oz, hitting a record high with a 6% increase. But the good times didn't last long, as it immediately plummeted, with a maximum drop of over 5%. London gold even directly fell below the $4500 mark. By the close at 17:12, the market had turned completely upside down—London gold was at $4462.19, down 1.43% for the day; London silver plummeted to $74.808, a drop of 8.54%. In the domestic market, gold T+D was at 1005 yuan, down 0.55%; silver T+D, on the other hand, defied the trend and rose to 18797 yuan, up 2.34%. The divergence in gold and silver prices is thought-provoking, and the market volatility is clearly evident.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
SilentObserver
· 4h ago
The early session surged to a new all-time high and then instantly plummeted. This move is truly exceptional, a textbook example of cutting leeks.
View OriginalReply0
MidnightMEVeater
· 4h ago
Good morning. This is a classic liquidity trap. The robot paradise is starting to hunt retail investors again.
View OriginalReply0
VitaliksTwin
· 5h ago
The early session hit a new high and then suddenly dropped. This market really keeps your heart pounding. Retail investors' blood pressure is soaring...
View OriginalReply0
GasFeeCrier
· 5h ago
The early rally surged high and then straight down; this move was really brilliant. It feels like someone is shaking out the weak hands.
Gold and silver's performance today can truly be described as a roller coaster. On the morning of December 29, London silver once surged to $83.94/oz, hitting a record high with a 6% increase. But the good times didn't last long, as it immediately plummeted, with a maximum drop of over 5%. London gold even directly fell below the $4500 mark. By the close at 17:12, the market had turned completely upside down—London gold was at $4462.19, down 1.43% for the day; London silver plummeted to $74.808, a drop of 8.54%. In the domestic market, gold T+D was at 1005 yuan, down 0.55%; silver T+D, on the other hand, defied the trend and rose to 18797 yuan, up 2.34%. The divergence in gold and silver prices is thought-provoking, and the market volatility is clearly evident.