Silver contract trading volume soars by 27%, Gate's open interest ranks among the top three globally

ChainCatcher reports that, according to CoinGlass data, the silver (XAG) market activity has significantly increased, with contract trading volume reaching $3.112 billion, up 27.30%. The total open interest across the network is approximately $239 million. Among them, the Gate platform’s open interest exceeds $16.53 million, ranking among the top three globally.

Gate pioneered the metal contract trading sector, offering 24/7 continuous trading to provide users with greater strategic flexibility and asset management efficiency during volatile market conditions. Currently, Gate contracts cover a wide range of asset classes, including metals, stocks, forex, commodities, and indices, featuring trading instruments such as gold, silver, platinum, crude oil, Tesla, Microsoft, and more. The platform supports up to 100x leverage, helping users implement cross-market and multi-asset strategies.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Nearly $300 million flowed out of Bitcoin ETFs in a single week! Rising risk aversion suppresses the crypto market.

Due to escalating geopolitical conflicts and macroeconomic uncertainties, approximately $296 million net flowed out of the U.S. spot Bitcoin ETF last week, reflecting a decline in market risk appetite. Although the Bitcoin price rebounded to $67,500, market sentiment remains cautious, with investors anticipating a higher likelihood of Bitcoin dropping to $55,000.

GateNews14m ago

Bitcoin ETF ends seven consecutive days of gains, Bitcoin price pressure re-emerges.

Recently, the US Bitcoin spot ETF experienced significant outflows after seven consecutive trading days of net inflows, with a net outflow of $163.5 million on the 18th and another outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market capital and prices. The price of Bitcoin briefly fell below $70,000, highlighting that the capital flows of the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.

区块客18m ago

Mining company MARA sold 15,000 bitcoins, cashing out $1.1 billion to repurchase convertible bonds.

MARA Holdings announced that in March it sold 15,133 bitcoins, cashing in approximately $1.1 billion, and used the proceeds to repurchase zero-coupon convertible bonds maturing in 2030 and 2031, reducing debt to enhance financial flexibility. This repurchase will yield $83 million in cash savings, and the CEO stated that this move expands the company's strategic options.

区块客38m ago

Gold plummets, "safe haven for funds" changes hands? JPMorgan: During the war, "Bitcoin becomes the new favorite for hedging."

JPMorgan pointed out that in the Middle East conflict, Bitcoin has shown strong resilience against declines, with significant capital inflows and active trading, while gold and silver are facing capital outflows. Under high interest rates and strong dollar pressure, gold prices have dropped by about 15%. With its borderless characteristics, Bitcoin has become a safe-haven choice, and institutional investors are also adjusting their positions, indicating a decrease in gold liquidity while Bitcoin liquidity is increasing.

区块客44m ago

BlackRock is recruiting a Managing Director for Digital Assets, with a maximum annual salary of $350,000.

BlackRock is recruiting a Managing Director for Digital Assets, with an annual salary of up to $350,000, focusing on cryptocurrency, stablecoins, and tokenization strategies. Recent ETF fund outflows show a divergence in performance between IBIT and ETHA, with market confidence in Bitcoin stronger than in Ethereum. Additionally, Morgan Stanley plans to launch a low-fee Bitcoin ETF, which may pose competitive pressure on BlackRock.

MarketWhisper2h ago

"Rich Dad Poor Dad" Kiyosaki warns of inflation crisis, plans to increase investments in Bitcoin and Ethereum.

《Rich Dad Poor Dad》 author Robert Kiyosaki warns about the inflation crisis, pointing out that national debt and expanded money supply will devalue fiat currency, and recommending investing in non-government assets such as Bitcoin, gold, silver, and oil. He emphasizes choosing assets with limited supply, and plans to accumulate Bitcoin before a market crash, while also stressing the importance of generating stable cash flow through productive businesses.

MarketWhisper2h ago
Comment
0/400
No comments