On December 29th, spot silver opened with a clear rally, consecutively surpassing $80 and $83 per ounce, with an intraday increase of over 5%; gold opened higher but then retraced to around $4538 per ounce. Market analysts suggest that several factors are stacking behind this surge: geopolitical tensions, a weakening US dollar index, and the end-of-year liquidity scarcity amplifying volatility. Meanwhile, spot silver supply has tightened, and paper silver positions are also facing adjustment pressures, collectively driving prices higher.

Industry observers warn that rising silver costs may transmit to the manufacturing sector. From a market perspective, silver is currently at a resonance point of three forces: "industrial demand + safe-haven buying + tight spot supply." If future tariffs or supply restriction expectations heat up, short-term sharp rises and falls are highly likely to continue. Therefore, investors are advised to remain cautious, reasonably control leverage ratios and position sizes, and avoid pitfalls amid high volatility. Most trading platforms now support both spot and contract trading, allowing users to flexibly switch strategies based on market conditions and seize opportunities across different markets.