Precious metals are once again stealing the spotlight today but the past two days have not been about the surging gains and parabolic run higher. Gold is now down 6% on the day and poised for its biggest daily drop since April 2013 (some charts might have October 2025 as a matching >6% drop). Gold (XAU/USD) daily chartMeanwhile, silver is posting an over 13% daily drop now as price comes close to beating the $100 mark. That will mark the worst daily decline for the precious metal since the Covid pandemic era. As such, when price starts to run under these circumstances then it can really, really run.