The main contract for silver futures is stronger than gold, rising more than 2% and is now reported at 8,117 yuan/kg. The market's expectations for the Fed to cut interest rates cooled down last week due to the hawkish minutes of the Federal Reserve meeting and the remaining resilient US economic data. Experts believe that the recent rapid rise in silver has brought the bullish sentiment to a climax. Judging from historical trends, the peak of gold prices basically ends with a catch-up increase in silver prices. When silver prices rise rapidly, the gold to silver ratio falls rapidly. Basically, it also means that a round of gold rises is over, and it will face a phased correction. The current retracement of gold prices to around the 10-day line is also an important sentiment point. Focus on whether gold can quickly “recover lost ground”.