The US stock market closed fairly strong last night, with the major indexes holding steady. In tech stocks, Broadcom led the way with a jump of over 2%, while Google and Meta also gained a bit over 1%. However, Apple and Nvidia were a bit weak, slipping less than 1%—seems like they're just taking a breather.

Sector performance was quite mixed—storage and retail sectors took off, with SanDisk soaring over 7% and Micron Technology posting a 4% gain. Traditional retailers like Macy’s and Dillard’s both rose more than 2%. On the flip side, crypto-related stocks and oil & gas lagged badly: Strive plunged 7%, BP dropped over 3%, and Total, Eni, and Circle all fell more than 2%.

Chinese concept stocks were particularly strong, with the Golden Dragon Index up 1.29%. Baidu surged 5% in a single day to lead the pack, GDS Holdings jumped more than 4%, and XPeng, iQIYI, and TAL Education all posted gains of over 2%. Clearly, capital continues to flow into this sector.

The precious metals market was even more exciting—gold futures dipped 0.36% to close at $4,227.7, but silver went wild. Spot silver surged 2.08% to $58.32, hitting an intraday high of $59.33 and setting a new all-time record, just a step away from the $60 milestone. Silver is up over 3% for the week—a pretty fierce rally.