Silver prices have fallen below $62 per ounce, hitting a three-month low and declining nearly 50% from its historical peak; gold prices have also dropped 25%, falling below $4,200 per ounce to a 100-day low. Analyst Rashad Hajiyev(Rashad Hajiyev) believes the worst period for precious metals may have passed, predicting that silver prices could form a double bottom and rebound from April to $240-260 per ounce. This selling wave, combined with the impact of geopolitical tensions and changing interest rate expectations, has caused approximately $13.5 trillion in market value to evaporate globally.