Did you sleep last night? Anyway, the market didn't.

Silver broke through $60—this figure is not just a celebration for precious metals, but more like a global vote of confidence in real gold and silver: a distrust vote against the current monetary system. U.S. stocks kept falling, Wall Street giants were hit hard, and the VIX soared. And the root of all this points to two names: the Federal Reserve and that former president who loves to make social media statements.

The data side is already chaotic enough. Employment figures unexpectedly rebounded, and expectations of rate cuts quickly cooled; U.S. Treasuries declined, but cryptocurrencies rose against the trend; China's CPI forecast increased to 0.7%, reaching a 21-month high. But what truly keeps the market on edge is the power game behind monetary policy.

Recently, Trump publicly stated: "Rate cuts are the litmus test for the new chairman." His advisors were even more blunt— the size of the rate cut could be more than 25 basis points. This isn't just ordinary policy expectations; it's an open pressure on the transfer of monetary power. The market has never seen this kind of play.

Tonight, the Federal Reserve meeting is the real battleground. The rate cut itself is no longer in doubt; the key is how the dot plot will look and what Powell will say. Goldman Sachs's research report is very direct: beware of "hawkish rate cuts"—cutting rates to soothe the market while hinting that the easing cycle is nearing its end. More dramatically, this voting may see multiple dissenting votes, with internal divisions reaching a historic level.

Meanwhile, two messages are fermenting in the background: SpaceX news about going public, with a valuation heading straight for $1.5 trillion; Nvidia obtaining permission to sell H200 chips to China, adding another variable to the tech game.

Silver's surge may just be the beginning. Liquidity, power shifts, industry trends—three main themes are simultaneously reshaping the narrative. We are standing at a critical juncture: will the next move be continued easing or a shift to tightening? The market's answer might be more intense than anyone expects.

What do you think will happen next? Share your thoughts in the comments.