💥 Precious metals suffer a historic crash

More than $7T has been wiped out across precious metals in just 36 hours.

Losses by market:

🔴 Silver down 30%, below $85, about $1.96T erased

🔴 Gold down 13.6%, below $4,900, about $5T erased

🔴 Platinum down 27.25%, below $2,100, about $215B erased

🔴 Palladium down 21.5%, below $1,700, about $85B erased

An overheated parabolic rally met aggressive profit taking, heavy leverage unwind, and a sudden shift in Fed and dollar expectations.

#FedHoldsRates

#USIranStandoff