Silver remains volatile at high levels, Gate XAG trading activity stays high

PANews February 9 News, international silver prices, after a rapid surge earlier, have entered a high-level consolidation phase with significantly increased volatility. Market data shows that the 24-hour high for silver reached $81.62, with an intraday increase of 3.94%. Amid repeated industrial demand expectations and risk-averse capital sentiment, silver, as an asset with both industrial and precious metal attributes, has once again become a market focus. According to CoinGlass data, the 24-hour trading volume of XAG (silver) on the Gate platform reached $2,414.60, ranking among the top three globally, with platform liquidity and market activity strengthening simultaneously. Currently, Gate has pioneered the metals futures contract sector, offering 24/7 trading and USDT settlement mechanisms, continuously providing users with an efficient, flexible one-stop metal trading experience to support cross-market asset allocation and strategic planning. Additionally, Gate TradFi has opened app and web trading portals, covering CFD trading services for silver, gold, foreign exchange, indices, commodities, and some popular stocks, with leverage up to 500x.