Editor’s Note
A sharp, sudden drop in gold and silver prices has rattled the precious metals market, interrupting a period of historic gains. This analysis examines the confluence of technical factors, shifting expectations for U.S. monetary policy, and dollar volatility behind the flash crash, asking whether it is a temporary correction or a more significant reversal.

The precious metals market has experienced a severe bout of weakness, with a flash crash in gold and silver that calls into question the solidity of their recent surge. Between a technical correction after historic highs, reactions to signals sent by the future Federal Reserve presidency, and doubts about the trajectory of the dollar, investors are now trying to determine whether this mini-crash marks a mere pause… or a lasting turning point.

