Huge evaporation of international gold and silver market value

International spot silver and spot gold prices plunged sharply during the day, breaking below the $100 and $5,000 thresholds, respectively. According to Companiesmarketcap data, the global market capitalization of silver assets shrank by 16.45% to $5.382 trillion, while the market capitalization of gold assets declined by 6.59% to $34.779 trillion. However, both metals still rank first and second globally in terms of market cap; silver, in second place, remains clearly ahead of NVIDIA the third-ranked asset at $4.687 trillion.