There is one key point left: money will chase the rally. After that, more people will come in, such as ETF, futures, and various tracking products, and funds will pour in. This creates an inertia where the more it rises, the more people buy.

Therefore, the upward phase usually has a strong logic, demand, and funds chasing the rally, gradually pushing the price higher.
So why does it crash overnight? Many people have a very superficial understanding of this. The key point is not how bad the news about gold and silver is, but because the market is too crowded.