Recently, the precious metals market remains hot. According to market data, both spot gold and silver are hitting new record highs.

Specifically, spot gold broke through the key level of $4950/oz at the start of trading, with a 24-hour increase of 0.33%. Although the percentage looks small, the continuous breakthrough of historical highs itself indicates the market's ongoing optimism about gold.

Even more impressive is silver — which directly surpassed $98/oz, with a 24-hour increase of 3.25%, significantly outpacing gold. Silver has always been more volatile, and this performance is indeed eye-catching.

The two major precious metals reaching new highs together usually reflect market concerns about risk assets or a re-pricing of inflation expectations. In any case, this synchronized rise is worth paying attention to.