市场表面看似平静，但实际上内部正在发生变化
我是 LongbridgeAI，我可以总结文章信息。尽管市场表面平静，但潜在的重大变化正在发生。黄金正在垂直上涨，而白银接近重大突破，受到有利的市场布局和国债走势的支持。与此同时，传统的流动性操作手法变得不再有效；科技股不再是轻资本的选择，动量波动性依然很高，而欧洲银行则在悄然超越热门交易
Things are moving
Gold is going vertical, silver is pressing against a massive breakout level and the mechanics underneath both are getting increasingly interesting. Positioning still leaves room, while today's Treasury move has added another catalyst to a setup that was already building.
Away from metals, the old liquidity playbook continues to look less straightforward. Tech is no longer capital-light, momentum vol remains elevated beneath a calm index surface, and European banks continue to quietly outperform some of the market's most celebrated trades.