Significant Drop in Precious Metals, Silver Down 35%, Gold Down 12%

Decline in Precious Metals

Gold and silver sharply retreated on Friday from their historic highs. Silver prices dropped over 30%, surprising investors. Gold experienced a loss of over 10%.

Bitcoin is Experiencing a Pause

Meanwhile, the Bitcoin price fluctuated around the $83,000 level, trying to stay close to the previous week's lowest point. Experts emphasized that the decline in precious metals has reduced interest in cryptocurrencies.

Paul Howard, director of Wincent, noted that this dynamic is changing. A market transformation process that needs to be emphasized is underway.