Markets closed Friday with a brutal sell-off in precious metals. Gold plunged below $4,700, shedding over 13% in a single day, while silver collapsed below $80, recording a staggering 30%+ one-day drop. Why did this happen?

The crash was driven by a combination of factors: Profit-taking after an extended rally — metals had been running hot, and large traders locked in gains aggressively.

Stronger U.S. dollar and rising bond yields, which reduce the appeal of non-yielding assets like gold and silver.

Margin calls and forced liquidations, especially in silver, amplified the sell-off as leveraged positions were wiped out.

Shift in market sentiment toward risk assets, pulling capital out of safe havens. In short: once selling started, it snowballed fast turning a correction into a full-blown flush. $XAU $BTC $SOL #GoldPriceUpdate #silverpriceandgold

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