The downturn began with a rapid 15 minute crash that initially wiped out $610 billion from the markets. Trading alerts first noted the price collapse at 12:42 UTC, triggering a sharp reversal in the recent pricing trends for both metals as traders reacted to the economic data.
Tuesday, October 20, 2026
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Inflation Report Wipes $700B From Gold and Silver
Commodities6 days ago
A secondary wave of liquidation hit the commodities market on Oct. 14, driving deep losses for investors in safe haven assets. Combined value losses for gold and silver rose to $700 billion after an inflation report showed price growth exceeded forecasts, while spot silver fell nearly 3% to $57.58 per ounce.
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