The recent surge in gold, silver, and platinum prices has indeed been fierce, hitting new all-time highs along the way. But there's a key issue to pay attention to—this rally might have gone too far.

According to recent market analysis, the main driver behind the skyrocketing precious metal prices is actually tight market liquidity. Simply put, there isn't enough genuine capital willing to take on positions, which has pushed prices higher. What does this mean? It suggests that once market sentiment shifts or liquidity improves, prices could quickly reverse.

In the short term, trading risks are clearly increasing. The volatility of precious metals is rising, which is not very friendly to short-term traders. However, analysts' attitudes are quite interesting—they are optimistic about the performance of precious metals in 2026 but remain cautious about the current market conditions.

The advice for investors is: don't rush to chase the highs. It might be better to wait and see, and make decisions after market sentiment stabilizes and liquidity improves. The long-term holding strategy still makes sense, but the timing needs to be carefully considered.