List of Flash News about precious metals crypto
Time | Details |
---|---|
2025-06-05 16:48 |
Silver Futures Surge: $2.8 Billion Open Interest Spike Signals Potential Breakout Rally in 2025
According to The Kobeissi Letter, open interest in silver futures surged by $2.8 billion over the past two days, marking the largest increase in at least a year and surpassing the previous high of $2 billion set in October 2024 (source: @KobeissiLetter, June 5, 2025). This significant jump in futures activity coincides with a nearly 4% price increase today, indicating heightened market momentum. For cryptocurrency traders, this rising interest in silver may draw institutional capital away from digital assets or catalyze correlated moves in tokenized commodities and precious-metals-backed crypto products, driving short-term volatility and new trading opportunities. |
2025-06-05 11:19 |
Silver Price Hits New Cycle High: Cup & Handle Pattern Signals Potential Surge Toward 2011 Levels
According to Mihir (@RhythmicAnalyst), silver has reached a new high for its current cycle, which began in January 2018, and is now approaching its January 2011 peak. The completion of the cup and handle pattern, as highlighted in Mihir's analysis, suggests a bullish breakout could be imminent. Traders are closely monitoring this technical formation, as a break above resistance may drive further upward momentum, impacting not only the silver market but also correlated crypto assets like tokenized commodity ETFs and precious metals-backed cryptocurrencies (Source: Mihir on Twitter, June 5, 2025). |