📝On February 3rd, the morning volatility of silver exceeded 13%, with the international COMEX silver futures volatility reaching 13.95%. There was a deep V rebound during the day, closing with a significant increase of 14.03%. In the domestic market, the main silver futures contract had a volatility of 13.19%, and after synchronized sharp fluctuations in silver T+D, it followed up with a rebound.
The core reason is the previous excessive decline triggering short covering combined with the warming up of gold, along with the Shanghai Gold Exchange's reduction of silver trading margins and the loosening of price limits. Market sentiment and liquidity have recovered, allowing silver to fully rebound with strong elasticity.
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