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A sudden decline wipes out $1.7 trillion in the value of gold and silver within 90 minutes
The sharp decline in gold and silver led to a loss of $1.7 trillion in their market capitalization in 90 minutes, according to The Kobeissi Letter.
Silver price dropped to $103 per ounce after reaching $115, while gold traded around $5009 per ounce.
This is one of the largest reversals in a single day in history, as silver erased its entire 14% gains and turned red on that day.
$BTC #ContentMiningRevampPublicBeta