Both silver and gold are in free fall on Friday as the market fails to sustain the rush maintained since Wednesday.
Source: Tradingeconomics.com
Gold sank below $5000 on Friday, after touching a high of more than $5,500, just after the Federal Reserve opted to keep rates the same.
Gold has typically always been viewed as a safe-haven asset, known to increase in value over the long term.
Silver suffered the bigger bite in value, dropping by 30% in price. At the time of writing, Silver was trading at $85 per ounce, down by 26.57%.
Source: Tradingeconomics.com
With Bitcoin down as well below $85,000 and the dollar recently at a 4-year low, investors who have a stake in all of these asset classes will be seeing their portfolio steeped in losses.
The S&P500 has managed to hold steady, posting an increase of 0.17% over the past 5 days.