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Futures
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Launch
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Alpha Points
New
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Futures Points
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Simple Earn
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Crypto Loan
0 Fees
Pledge one crypto to borrow another
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
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Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
Smart Leverage
New
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Silver Plunges on Profit-Taking After Record Rally
Silver tumbled more than 13% to around $100 per ounce on Friday, as profit-taking triggered a broader pullback across precious metals. The white metal had hit a record $121.64 on Thursday and remained on track for an over 40% monthly gain, marking a ninth consecutive month of gains, its longest winning streak in years, supported by elevated economic and geopolitical uncertainty, US dollar weakness, and a tight physical market with record investment and industrial demand. Geopolitical tensions remained high after President Donald Trump signed an executive order imposing tariffs on goods from countries supplying oil to Cuba, a move that adds pressure on Mexico. Trump also urged Iran to enter nuclear talks, while Tehran warned of retaliation and vowed a swift response. On the monetary policy front, Trump announced he had nominated former Federal Reserve governor Kevin Warsh as the next Fed chair, ending months of speculation over the leadership of US monetary policy.