#美SEC促进加密资产创新监管框架 Strange! Rate cut expectations are heating up, but spot silver drops 1% in the opposite direction

The probability of the Fed cutting rates by 25 basis points in December has soared to over 90%, but today spot silver didn't rise—instead, it fell back by 1%. What signal does this sharp drop reveal?

The root cause? Concentrated profit-taking. Silver's cumulative gains this year have already doubled. As year-end approaches, institutions are locking in profits in bulk, and technical indicators show clear overbought conditions. But don’t panic—the supply and demand fundamentals remain solid: global inventories have hit a ten-year low, while the photovoltaic industry and AI data centers continue to consume silver, resulting in a supply-demand gap for five consecutive years.

For now, keep a close eye on the $57 support level. Before the Fed meeting, consolidation and volatility are likely to continue. Is this pullback the end of the trend or a buying opportunity? The answer lies in capital flows after the rate cut decision is made. $ETH $BTC $SOL