$1.28 Trillion Wiped Out From Gold and Silver in Hours, Crypto Holds Steady
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Gold and silver prices plummeted by 2.83% and 5.21%, erasing $1.28 trillion in market value due to rising bond yields and liquidity tightening. In contrast, the crypto market remained stable, with a capitalization near $2.35 trillion amidst global economic uncertainties.
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- Gold and silver dropped sharply, wiping out $1.28 trillion in hours.
- Rising bond yields and liquidity tightening triggered heavy selling pressure.
- The crypto market held relatively steady near $2.35 trillion capitalization levels.
Global financial markets witnessed an intense shock as precious metals suddenly plunged, erasing roughly $1.28 trillion in combined market value within just a few hours. Gold dropped 2.83%, wiping out nearly $1 trillion, while silver fell 5.21%, losing approximately $280 billion in market capitalization.
The sharp selloff came during a period of tightening liquidity, rising bond yields, and growing uncertainty around global macroeconomic policy, factors that are now reshaping capital flows across asset classes.
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