January 22nd, gold and silver both hit record highs. London gold broke through $4,880 per ounce in one go, with silver following closely behind. There are three main drivers behind this: escalating geopolitical conflicts have heightened risk aversion, dollar depreciation has increased demand for precious metals, and ongoing central bank gold purchases are also contributing. Especially for silver, the industrial demand from the photovoltaic and new energy industries is booming, providing additional support for prices.

Institutions generally remain optimistic about the long-term trend, but this recent surge has been excessively rapid. Plus, the exchanges have just upgraded their risk control rules, making short-term technical corrections quite possible. Before entering the market, it's worth considering—Is this the start of a new round of risk aversion demand, or a signal of a rise followed by a fall?#贵金属黄金与白银刷新历史高位 $ETH