Silver is down 11% from yesterday’s high

Gold -4%
Palladium -22%

This doesn’t mean the precious metals rally is over, but at least we’re seeing some rationality return to the markets

There wasn’t a clear fundamental reason for precious metals to rally this aggressively
Yes, uncertainty remains: AI, geopolitics and macro risks but not to this extent

It’s good to see a cooldown, and hopefully we’ll start seeing liquidity rotate from safe havens into risk assets like BTC.