Markets just witnessed the kind of move traders talk about for decades… and most never see.
In less than a single day, $7.4 TRILLION vanished from the metals space. Not a dip. Not a correction. A full-blown liquidity shock.
Silver didn’t “pull back” — it collapsed, slicing 32% to $77 and vaporizing trillions like it was never there. Gold, the so-called ultimate safe haven, dropped 12.2% to $4,708, erasing nearly $5T in value. That’s not weakness… that’s forced selling, margin stress, and big money scrambling for exits.
This is the kind of moment where narratives break. “Store of value.” “Inflation hedge.” “Unshakeable asset.” In panic, everything becomes liquid — even the untouchables.
We’re seeing what happens when leverage meets fear. When crowded trades unwind. When safety becomes the source of liquidity.
History books won’t call this a normal day. This is a reset candle. The type that humbles veterans and shocks newcomers.