Metal storm in the late night: From a sharp rise to a plummet in just one hour, the price of gold fluctuated by $500 in a single day. Silver increased by 4% then dropped by 8%.

Originally, the collective frenzy of precious metals and nonferrous metals, after reaching a new high and gaining profits, saw a rapid dive, with the speed of decline so fast that it could be described as "too late to make an offer." Specifically: 1. The hottest spot silver, which rose by more than 4% in intraday trading, plummeted by over 8%, dropping directly from a record high of $121 to $107. 2. Spot gold once approached $5600 per ounce in intraday trading, but continued to dive at 23:00 Beijing time, dropping by 5% and briefly probing near $5100. 3. In the trading of Shanghai gold and silver futures night session, there was a short-term sharp decline, with the deepest drop reaching 6%, while they had risen by over 2% and 8% respectively just an hour ago. 4. London Metal Exchange metals rebounded from highs, with copper narrowing its gain to 3.05% from 11% earlier; tin fell by 1.35% after rising by over 5%, nickel's gain narrowed to 0.41% from over 4%, lead's gain narrowed to 0.17% from 2%, and zinc's gain narrowed to 1.81% from over 6%. 5. U.S. stocks also saw a significant drop, with the Dow Jones Industrial Average falling by 0.60%, the S&P 500 Index dropping by 1.35%, and the Nasdaq Composite Index falling by 2.47%. 6. Bitcoin fell to $84818.5, down by 5.16% in the past 24 hours.