Gold and silver swung wildly on the international markets on Thursday evening. Reuters
Explainers
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Firstpost30-01-2026, 14:42

Trillions Wiped Out: Gold and Silver Markets See Historic Plunge, Then Partial Recovery

  • Gold and silver experienced a massive surge in 2025 and 2026, with gold up 64% in 2025 and silver over 150%.
  • On Thursday evening, trillions of dollars were wiped out from both precious metals within minutes, shocking traders.
  • Gold's market value swung by an unprecedented $5.5 trillion, losing $3.2 trillion before clawing back $2.3 trillion.
  • Silver plummeted over 11% internationally, losing $750 billion in market capitalization before recovering $500 billion.
  • Experts attribute volatility to market size, speculative inflows, and strong fundamentals, with some predicting more swings.

Why It Matters: Gold and silver markets witnessed a historic, multi-trillion dollar flash crash followed by a partial recovery.

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