International gold rates plunged sharply to around $5,135 today while silver fell to $109, wiping out over $3 trillion in market value in 90 minutes, research shows. Silver prices fell more than 10 percent, while risk assets also came under pressure. Despite the retreat, gold remains sharply higher on a year-to-date basis, with investors closely watching for potential rebounds amid elevated market volatility. Several traders on X (formerly Twitter) are commenting that the current situation for gold, silver, and Bitcoin is pretty intense. The S&P 500 fell around 1 percent, while the Nasdaq Composite declined 1.6 percent.