Out of the loop

Gold and silver are investments that people make when they are afraid of the future. Nuclear war, hyperinflation, etc. Inflation has been a massive concern lately.

One of the bigger reasons that gold and silver are crashing is that Trump picked Kevin Warsh to be the next head of the Federal Reserve, which controls interest rates, which impacts how much money people save vs spend. Lots of implications on inflation, stock market, etc.

For the last few months, he's been trying to take control and force the Fed to make short-term gain, long-term get-fucked policy, and gold and silver markets have been shooting up because of it.

Warsh is seen as a relatively intelligent/moderate pick instead of the expected redcap crony, who has a reputation as being an inflation hater, so gold/silver is crashing out.