Today, #Gold and #Silver are witnessing a violent market reversal after reaching historic peaks earlier this week. Gold has pulled back to approximately $5,210/oz from its record of $5,595, while #Silver plunged 11% to roughly $111/oz after touching $121. This "metals meltdown" has wiped out over $3 trillion in market value within minutes due to massive institutional profit-taking and a rebounding US Dollar.
Despite the crash, silver remains up 60% for January, fueled by extreme supply deficits and its new status as a "critical mineral." Analysts view this as a necessary "market reset" rather than a trend reversal, with long-term targets for gold still eyeing $6,200/oz.
