Historic Market Rout: $7.4 Trillion Vanishes in "Metals Black Friday"

Global markets are reeling from the single most devastating day in the history of precious metals. In a span of less than 24 hours, a staggering $7.4 trillion in wealth was erased as a liquidation cascade hammered gold and silver prices, ending a historic bull run in disastrous fashion.

The "Safe Haven" Collapse

Panic selling gripped the commodities sector, triggering stop-losses and margin calls that accelerated into a freefall. The scale of the destruction is unprecedented:

* Silver: The metal suffered a catastrophic -32% plunge, crashing to $77 per ounce. The move wiped out nearly $2.4 trillion from silver's market capitalization in a single session.

* Gold: Even the world's premier store of value was not spared. Gold prices fell -12.2% to $4,708 per ounce, evaporating nearly $5 trillion in value—an amount roughly equivalent to the entire GDP of Japan.

Analysts describe the event as a "total capitulation," likely driven by the unwinding of massive leveraged positions that had accumulated during the metals' recent parabolic rise.