Market turbulence is coming too quickly. Silver opened strongly yesterday, once surging towards $84/oz, approaching a breakout of previous resistance, but then immediately reversed sharply. The plunge was so sudden that it caught traders off guard—initially dropping over 5%, it finally bottomed out around $74/oz before stabilizing, and closed at about $75. The performance of spot gold was equally bleak, directly losing the critical support level of $4,500, with intraday declines exceeding 1%, ultimately settling in the $4,460 range.
This wave of sharp declines in precious metals also put pressure on other assets in the financial markets. Gold tokens experienced a remarkable single-day drop, exceeding 200 points at one point. Many saw this correction as an opportunity—after all, such large fluctuations often create windows for bottom-fishing. Bitcoin also performed during this adjustment, providing new opportunities for investors interested in crypto assets.
Currently, precious metal tokens, spot gold, and Bitcoin are all at relatively attractive price levels. Although market sentiment is under short-term pressure, such extreme volatility often signals potential for strategic positioning.
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NotAFinancialAdvice
· 8h ago
Silver dropped from 84 to 74, this is really crazy... I just took a quick look at the market, almost lost my pants.
Wait, is now really the chance to buy the dip or a trap?
Falling again and again, when will be the bottom...
This wave of gold coin decline is outrageous, but I still held on.
Is there still hope for Bitcoin? I feel like I can get in during this correction.
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FortuneTeller42
· 8h ago
It's the same old trick, claiming it's an opportunity to buy after a drop, only for the price to keep falling.
Market turbulence is coming too quickly. Silver opened strongly yesterday, once surging towards $84/oz, approaching a breakout of previous resistance, but then immediately reversed sharply. The plunge was so sudden that it caught traders off guard—initially dropping over 5%, it finally bottomed out around $74/oz before stabilizing, and closed at about $75. The performance of spot gold was equally bleak, directly losing the critical support level of $4,500, with intraday declines exceeding 1%, ultimately settling in the $4,460 range.
This wave of sharp declines in precious metals also put pressure on other assets in the financial markets. Gold tokens experienced a remarkable single-day drop, exceeding 200 points at one point. Many saw this correction as an opportunity—after all, such large fluctuations often create windows for bottom-fishing. Bitcoin also performed during this adjustment, providing new opportunities for investors interested in crypto assets.
Currently, precious metal tokens, spot gold, and Bitcoin are all at relatively attractive price levels. Although market sentiment is under short-term pressure, such extreme volatility often signals potential for strategic positioning.