Gold and Silver Crash. Earlier in the day, gold and silver were still basking in the glow of one of the most powerful precious-metals bull runs in modern market history. Gold and silver felt that pressure almost immediately. Bitcoin dumped hard, Source: Brave New CoinUnlike gold, which had been acting as a macro hedge, Bitcoin entered the session trading more like a risk asset than a refuge. Gold and silver remain anchored to deep structural forces — currency debasement fears, industrial demand, and sovereign accumulation.