The precious metals market has been quite chaotic recently. Silver's performance is especially outrageous — it once surged to around $83.75 on Sunday, hitting a new all-time high. Gold hasn't been idle either, with prices soaring to $4,530. But that's not even the craziest part.

The truly shocking aspect is the volatility rhythm of silver. Just after 6 p.m. Eastern Time, about 20 minutes after futures opened, silver shot up rapidly, soaring 6% within just an hour. By around 7:30, it plummeted again, giving back 10% of its gains within 70 minutes. This kind of intense volatility, honestly, is more outrageous than many cryptocurrencies.

Why is this happening? Ultimately, it's due to macro expectations running wild. With a new Federal Reserve chair about to take office, the market is generally betting that policies will become much more accommodative. If interest rates really decline, the returns on bond investments won't be as attractive, and investors will naturally shift their focus to commodities like gold and silver.

Interestingly, although precious metals are traditionally considered stable assets, silver's volatility is actually significantly higher than gold's. This round of market movement also confirms that — gold is rising, while silver is going crazy.

Looking at the cryptocurrency market, recent performance has been somewhat weak. It seems that in the face of this grand spectacle in the precious metals market, crypto assets haven't quite kept up yet. This also gives us an interesting perspective: is it that precious metals are catching up, or is the crypto market adjusting? The market will ultimately provide the answer.