The precious metals market has recently experienced a significant downturn, marking one of the sharpest corrections in recent history. Over the past 36 hours, an estimated $7 trillion has been removed from the sector, impacting global asset valuations. This rapid decline warrants close attention from investors and analysts alike. šŸ“‰

Specifically, Gold ($XAU) has seen a substantial drop of 13.6%, with its price falling below the $4,900 mark. This movement alone accounts for approximately $5 trillion in value wiped from the market. The sudden shift challenges previous sentiment. šŸŸ”

Silver ($XAG) has also faced a severe correction, declining by 30% and trading below $85. This contributes an additional $1.96 trillion to the total market value contraction. Such volatility underscores the current market environment. āšŖ

Traders should monitor these developments closely, especially those engaged with derivatives. The movements highlight potential shifts in investor risk appetite and broader economic indicators. Stay informed and manage your positions carefully. šŸ“Š

XAGUSDT, XAUUSDT, PAXGUSDT

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