1) What financial markets are doing today U.S. risk assets are trying to stabilize after recent weakness, with stocks modestly higher in early trading: S&P 500 (via SPY) and Nasdaq (via QQQ) are both up on the session. At the same time, Treasuries are bid (TLT up), which often signals a “risk management” posture rather than aggressive risk-on. Volatility proxies are mixed-to-lower on the morning (UVXY slightly down), consistent with “calm-ish open, but still headline-sensitive.” The U.S. dollar is softer (UUP down), which typically supports commodities and can be supportive for crypto when risk appetite is stable. 2) Bitcoin and Ethereum today BTC: $88.1K, down 0.5% on the session (intraday range roughly $86.1K–$88.6K). ETH: $2,918, down 0.35% (intraday range roughly $2,787–$2,930). Read: Crypto is not leading risk-on this morning; it’s more “steady but cautious,” which matches a market that’s watching macro headlines and this week’s major events (Fed + Big Tech earnings). 3) Gold and silver today This is the loudest story on the tape: precious metals are ripping on safe-haven demand and geopolitical uncertainty. Gold spot: about $5,105/oz (+2.25%) this morning. Silver spot: about $109.6/oz (+5.5%). ETFs echo it: GLD up ~2.1%, SLV up 7.4%. Mainstream market coverage is highlighting gold above $5,000 and a sharp silver jump tied to heightened uncertainty. 4) What’s driving today’s behavior Geopolitics + policy uncertainty are pushing capital into safety (gold/silver), even as equities attempt a bounce. Reuters is explicitly tying the metals surge to geopolitical tension and U.S./NATO friction involving Greenland, alongside other macro risks. Event risk is high this week (Fed decision + major tech earnings), which keeps traders selective and explains why you can see “stocks slightly up” while “Treasuries + metals” also catch bids. - If metals are the leader, respect risk-off undertones. Don’t assume crypto breakouts will follow through just because stocks are green.