As of January 31, 2026, the "digital gold" and silver markets are reeling from a historic collapse that occurred over the last 24 hours.
🔥Latest Update: The "Precious Metals Massacre"
After hitting record highs earlier this month, both gold and silver tokens have seen a violent reversal following the nomination of Kevin Warsh as the next Fed Chair, which sent the US Dollar soaring.
| Asset (Crypto Token) | Current Price | 24h Change | Market Status |
| PAXG (Gold) | ~$4,958 | 📉 -12% | Sharp drop from $5,600 peak |
| XAUt (Gold) | ~$4,910 | 📉 -11% | Massive volume; $2T market cap lost |
| KAG (Silver) | ~$85.25 | 📉 -30% | Historic crash from $117 high |
#Key Highlights:
💿Silver’s Record Plunge:** Silver-backed tokens (like KAG) saw their worst day in decades, dropping over 30% intraday. This triggered over $142M in liquidations on crypto exchanges, even surpassing Bitcoin liquidations.
📀Gold Losing Ground:** Gold-backed tokens (PAXG, XAUt) fell from their $5,600 all-time highs to below $5,000 as traders rushed to the safety of the US Dollar.
💰Crypto Divergence:** While metals crashed, Bitcoin remains volatile around $82,000–$84,000, with many watching to see if digital assets will "decouple" from gold and silver.
🚨 Trading Alert: Margin requirements for gold and silver futures have been raised by up to 50% to stabilize the market. Expect continued high volatility through the weekend.
