So it turns out that both their declines are bearish for gold and silver. The financial markets these days are truly surreal:

The crypto market's high volatility is one thing - everyone's used to it anyway, that's just how this market is;

Then the most badass stock market in the world, the mighty S&P 500, is moving like it's having convulsions;

And then the so-called king of safe-haven assets, gold, along with silver, started doing the dance moves too - wait, no, more like bungee jumping.