Silver falls below $80, Gate XAG contract trading volume exceeds $141 million

Silver (XAG) has broken down below the $80 integer level, currently reported at $79.13, with a 24-hour decline of 1.40%. The loss of the $80 level, as an important psychological and technical support, may exacerbate short-term volatility. According to data from the CoinGlass platform, the Gate XAG_USDT contract has a 24-hour trading volume of $141 million, ranking among the top three globally.

In addition, gold-related assets have also weakened, with XAUTUSDT reported at $4,937.7, down 0.50% in 24 hours, with a trading volume of approximately $40.61 million; PAXGUSDT reported at $4,963.4, down 0.62% in 24 hours, with a trading volume of approximately $2.97 million.

Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Currently, Gate contracts comprehensively cover various asset categories such as metals, stocks, forex, commodities, and indices, including contracts for gold, silver, platinum, crude oil, Tesla, Microsoft, and more, supporting leverage up to 100x, helping users achieve cross-market and multi-asset strategy layouts.