Silver plunged about 15% and gold fell roughly 7% on Friday, sparking a worldwide sell-off in mining stocks and funds tied to the metals. The rout drove heavy trading, redemptions and sharp declines across ETFs and miner equities.
Silver surged to a new all-time high of $63/oz while the crypto market fell 2.74% in 24 hours, with Bitcoin among the top coins trading lower. The divergence suggests short-term flows into precious metals amid risk-off sentiment.
Bitcoin, Ether, Solana and XRP fell as gold and silver rallied amid growing concerns over government stability. The shift underscores rising risk aversion and a rotation into traditional safe havens.