Gold’s 12% Crash: How $1.7 Billion in Crypto Liquidations Tanked Precious Metals
When nose-dived 12% and silver crashed 33% in just one trading session on Friday, market chatter focused almost entirely on Kevin Warsh’s Fed nomination and a stronger . But that simple narrative misses what actually happened: 79% of the drop had absolutely nothing to do with monetary policy.
Instead, the crash was a mechanical chain reaction waiting to happen. It was set off by three connected forces that hardly anyone is reporting: a massive $1.68 billion wave of cryptocurrency margin calls, regulators quietly raising margin requirements across three continents, and trading algorithms that trapped the market in a feedback loop, turning a standard 5% correction into a 12% cliff dive.
Understanding how this machinery broke is…
