Historical collapse of precious metals.
🟠The intraday drop in Silver was approximately 30% for the day — a record in history.
🟠Gold fell intraday by 10%, which is a record since 1983.
One of the main triggers is the strengthening of the dollar, as a result of Kevin Warsh's appointment as head of the Federal Reserve.
The sharpness of the decline was influenced by market overheating, entering the overbought zone, and the 'gamma squeeze' effect.
The cryptocurrency market is trying to recover from the decline. Many tokens showed a good bounce from today's lows🕯