BREAKING: Huge drop in gold and silver in just 6 hours
About $1.28 trillion in total value disappeared from the gold and silver markets in only a few hours.
• Gold fell by 2.83%, removing around $1 trillion from its total market value.
• Silver fell by 5.21%, removing about $280 billion from its market value.
This shows a very fast and strong sell-off in precious metals.
Such quick drops usually mean:
• Big investors are selling quickly
• Markets are reacting to important news or rising fear
• Short-term volatility is very high
Moves this large in such a short time are not common and often signal that traders are nervous and uncertain about what comes next.
The next few days will be important to see whether:
• Prices recover after panic selling, or
• The decline continues with more pressure on gold and silver.
