Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops
Gold and silver hit fresh highs on Tuesday while Bitcoin slid back under $89,000, sending a clear message that some investors are favoring metal over riskier bets.
Liquidity, ETF Flows And Sentiment
ETF flows played a role. Where money leaves ETFs, prices can feel the impact quickly. Margin calls, profit taking after a volatile run, and investors moving to what they see as safer stores of value have all been cited by sources watching the tape.
Technical levels near $84,000 to $85,000 are now being watched for support, while resistance sits close to $90,000 to $92,000.
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Markets Eye Data And Policy Moves
Economic reports and central bank signals are next on traders’ calendars. US inflation prints and comments from global central banks have been flagged as possible triggers for fresh moves in both metals and crypto.
Investors also noted that equity weakness, especially in some large tech names, has nudged money toward hard assets and away from riskier positions.
Several market strategists said that policy shifts overseas, including from the Bank of Japan, could further change global liquidity and investor choices.
Featured image from Unsplash, chart from TradingView
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