Last year's precious metals market was truly remarkable: gold soared nearly 70% throughout the year, reaching a historic high, while silver was even more aggressive, skyrocketing 140% to become the market’s main player. In contrast, Bitcoin fell over 30%, forming a stark contrast.

Why is this happening? Gold is no longer just a traditional inflation hedge. It is a sovereign safe-haven asset backed by real gold reserves held by central banks, with its hard currency attributes unshakable. 43% of central banks are continuously increasing their holdings, supporting the broader trend.

Silver follows a completely different logic. Industrial demand accounts for 60%, with rapid expansion in photovoltaic installations, exploding AI chip demand, and hot sales of new energy vehicles—all of which rely heavily on silver. The ongoing four-year supply shortage has directly driven up spot prices.

But don’t overestimate this wave of market movement: the market is small and highly segmented, with continuous influxes of quick crypto money, leading to maximum short-term volatility. Technical resistance for gold is around 4560-4570 or near 4613, with support levels at 4500-4514 and 4425; silver still has room for a rebound, but high volatility should also be guarded against.

This is how the era shift unfolds: stick to fundamental logic, manage your positions well, and view any pullbacks as entry opportunities.