Gold and Silver Prices Plummet: Is the Rally Over or Just a Pause?

• Gold and silver prices have seen significant volatility, with silver falling almost 27% from its record high and gold dropping by 12%.
• Silver's sharp decline was influenced by speculative buying, a strengthening US dollar, and profit-booking, exacerbated by strict trading rules.
• Gold, typically a safe asset, also saw a decline, though less severe than silver, surprising many investors.
• Experts suggest that while silver is prone to sharp declines due to its smaller market size and speculative trading, gold remains strong long-term.
• Investors are advised to view precious metals as long-term investments for stability and protection, rather than short-term trading instruments.