Watching gold and silver repeatedly hit new all-time highs is quite impressive. These traditional safe-haven assets are essentially sending a signal to the market— the economic environment may not be as optimistic. The recent performance of precious metals, in the current macroeconomic context, indeed reflects investors' reassessment of asset allocation. Whether it's stock market volatility or inflation expectations, they are pushing funds toward these long-standing safe-haven instruments. This is still meaningful for understanding the overall logic of how the financial markets operate.