Data compiled by Woofun AI shows that precious metal markets are experiencing sustained strength, with silver (XAG) reaching a 24-hour high of $71.24 before settling at $70.40, marking a 1.25% daily gain.

Concurrently, gold (XAU) touched $4,355, currently trading at $4,340.45 with a 0.49% increase, indicating persistent upward pressure across both asset classes.

This price action has driven significant liquidity into derivatives markets. Gate exchange reports that XAG contract open interest has climbed to $78.3465 million, while XAU contract open interest stands at $148 million. These figures place both contracts firmly within the top two positions in the industry, highlighting robust trader engagement amid elevated volatility.