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BiyaPay Analyst: Silver Surges Above $83, Musk Rarely Issues Warning
BlockBeats News, December 29th. The spot silver opened sharply on Monday, breaking through the $80 and $83 per ounce levels consecutively, rising over 5% intraday; gold opened high and then fell back to around $4538 per ounce. Market analysis suggests that geopolitical tensions, a weakening dollar, and year-end liquidity amplifying volatility, combined with tight physical supply and a squeeze on "paper silver" positions, have driven prices higher. Musk posted on X saying "this is not good," hinting at silver's rise impacting manufacturing costs. BiyaPay analysts believe that silver is currently in a resonance window of "industrial demand + safe-haven funds + physical tightness," and if expectations of tariffs/restrictions intensify, short-term sharp rises and falls are still likely; investors are advised to control leverage and position size. BiyaPay supports trading US stocks/HK stocks/futures with USDT, covering spot and contract trading, making it convenient for users to seize opportunities across multiple markets.
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