🚨 OVER $12 TRILLION WAS ERASED FROM GLOBAL MARKETS IN 48 HOURS
This wasn’t normal volatility — it was a leveraged unwind.
Metals were at historic highs, packed with leverage and late longs.
Silver had 9 green monthly candles (never before), +65% YTD, and a massive paper market.
Price dipped → margin calls → forced liquidations → margin hikes → panic.
Add a Fed narrative shift, and everything snapped at once.
This wasn’t demand destruction.
It was overextension + leverage + forced selling.
