4 #4 #盘口 #合约 #山寨 This isn’t a rebound; it’s the market makers taking real gold and silver and catching bids underneath. The buy-side is so thick it could bury you. In a 24-hour surge, it ran up nearly one and a half percent; when sell orders got slammed, they were all swallowed. In the spot order book, the buy depth is pressing the sell depth by about 1.4x—this isn’t a distribution order book at all; it’s plainly accumulation, absorbing until their hands are sore. The futures funding rate has stayed positive, long positions haven’t been withdrawn. As long as the order book doesn’t break down, this move is clearly headed for new highs.