⚠️ Precious Metals Sell-Off: Gold Down $150, Silver Crashes 15%
The precious metals market is experiencing a significant downturn, marked by widespread selling. Silver, in particular, has seen a sharp decline, taking the hardest hit.
📉 Spot Gold $XAU has broken below the $4,810/oz support level. The intraday drop exceeds $150, representing a -3.12% decline. This indicates substantial volatility for the world's premier safe-haven asset.
(XAUUSDT)
💥 Silver $XAG has been hit even harder. Spot prices have seen a dramatic 15% decline, currently trading around $74.86/oz. This single session has wiped out weeks of gains.
(XAGUSDT)
🚨 A double-digit percentage drop in Silver often signals a liquidation cascade. This suggests speculators are exiting the market at any price, further exacerbating the downturn.
With Silver crashing 15% in a day, do you view this as a generational buying opportunity or a risky "falling knife"? Share your perspective below! 👇
This information is for reference only and not investment advice. Please conduct your own thorough research before making any trading decisions.