Bulls and bears meet on a narrow path, intense competition in the precious metals market
Recently, the international precious metals market has experienced significant volatility, with gold and silver prices undergoing substantial rebounds and declines. London spot gold once rose to USD 5,000 per ounce but plummeted to USD 4,800 per ounce on February 5. Silver prices were even more volatile, with a single-day drop exceeding 30%, followed by a rebound. Market participants believe that the current gold and silver prices have not yet stabilized, posing downside risks, and the differing strategies of short-term and long-term investors further impact market structure