SHFE crude oil futures rise 1.65% in night session; gold and silver fall

The split between energy and precious metals in the same session points to a rotation in positioning rather than a single macro driver, with crude drawing bids while gold and silver were sold. The magnitude of the silver decline relative to gold suggests the selling pressure was concentrated in the more speculative end of the metals complex. Whether the crude bid holds once the night session's liquidity thins, and whether the metals pullback extends into the next session, are the open questions worth tracking.