Historic crash in precious metals
More than $7T was wiped out from precious metals in just 36 hours.
Silver fell 30%, dropping below $85 and losing about $1.96T.
Gold dropped 13.6%, falling below $4,900 and erasing around $5T.
Platinum fell 27.25%, below $2,100, losing about $215B.
Palladium dropped 21.5%, below $1,700, losing around $85B.
This happened after prices ran too hot. Traders took profits, leverage was forced out, and expectations around the Fed and the dollar suddenly changed.
