Today, #Gold and #Silver witnessed a sharp market reversal after reaching historic peaks earlier this week. Gold pulled back to ~$5,210/oz from its record of $5,595, while #Silver plunged 11% to ~$111/oz after touching $121. 📉

This "metals meltdown" wiped out over $3 trillion in market value within minutes. It's largely attributed to massive institutional profit-taking and a rebounding US Dollar. 💸

Despite the recent crash, #Silver remains significantly up 60% for January. This is fueled by extreme supply deficits and its new status as a "critical mineral." ✨

Analysts view this as a necessary "market reset," not a trend reversal. Long-term targets for #Gold still eye $6,200/oz. 📈

$XAU $XAG