BREAKING: Over $12.95 trillion has been wiped out from gold and silver in just 132 days.

Gold has crashed -26.50% from its January peak, wiping out $9.75 TRILLION in market value.

Silver is down -47.69%, wiping out $3.2 TRILLION.

The craziest part is that this is happening while the Iran war is still active, oil is near $90, and inflation remains elevated, exactly the type of environment where gold and silver are supposed to outperform.