The leverage unwinding storm in international spot gold and silver is about to end, and medium-term bullish factors are beginning to take effect.

The market's deleveraging has undoubtedly put downward pressure on international spot gold and silver in early April, but support may also be forming beneath this surface phenomenon.
Most of March saw declines in gold and silver, driven by a strengthening dollar, recent weakening of rate cut expectations, and forced selling pressure from investors deleveraging after volatility related to Iran surged.
Additionally, higher long-term yields and the re-pricing of rate cut expectations suppressed traditional "war hedge" capital flows, meaning geopolitical escalation did not translate into a strong rebound for precious metals.
However, as concerns about inflation rebounding continue to rise, ongoing conflict-related fiscal spending, and broader macro uncertainties, these are factors that tend to support currency assets in the medium term.
In terms of physical demand, driven by strong industrial demand related to solar energy and power grid industries, as well as retail gold bar purchases, China's silver imports hit an eight-year high in early 2026, indicating that despite price fluctuations, potential demand remains robust.
#Strategy上周购入13927枚比特币 #