- Gold and silver crashed significantly over the past three days.
- Both precious metals lost a combined $10 trillion in volume within days.
- Safe-haven debate heats up as gold, silver, and Bitcoin all see sharp declines.
Gold and Silver experienced historic crashes in the past few days, reflecting unprecedented volatility among the generally acclaimed safe-haven assets. The latest events have triggered a comparison between precious metals and Bitcoin, with the former behaving in a way typically associated with cryptocurrency.
$10 Trillion Wiped Out in Three Days
According to data, Gold Futures crashed over 20% in the past 72 hours, as the price fell from a all-time high of above $5,600 to around $4,420 before rebounding slightly and trading for $4,704 at the time of writing. The latest pullback wiped out $7.4 trillion from Gold’s market cap, a volume equivalent to five times Bitcoin’s entire market cap.
In the meantime, Silver Futures followed Gold’s trajectory, but in a more significant dimension. The metal experienced a more significant crash, losing over 40% value. Silver’s decline saw the asset return to around $72 after reaching an all-time high of above $121. However, the precious metal traded at $82 as of the filing of this report.
Silver’s recent price decline wiped out over $2.7 trillion from its market cap, equivalent to the entire Bitcoin market valuation. Altogether, the total loss between Gold and Silver this period is over $10 trillion in investors’ funds. The event has raised doubts about the long-term narrative, which classifies both precious metals as safe-haven assets.
It is worth noting that the latest decline in Gold and Silver prices headlined a broader market crash across the digital asset market. Bitcoin, the largest cryptocurrency by market cap, fell 15% in the last five days, dropping below $80,000 for the first time since April 2025.
The simultaneous crash across the precious metal and crypto ecosystems dismisses the suggestion of fund reallocation. It has rekindled the debate over which asset category functions better as a haven, particularly during mainstream economic uncertainties.
Related: Gold vs. Silver vs. Bitcoin: Which Asset Will Lead by the End of Q1?
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Source: https://coinedition.com/gold-and-silver-crash-plunge-safe-haven-status-over-bitcoin-into-doubt/
