Silver prices plummeted 13% in just a few hours — over $560 billion USD in market capitalization "vanished."

Out there, many still have blind FOMO on silver, comparing it to Bitcoin… but refusing to look at the reality.

Bitcoin, even on its worst day on 10/11, only fluctuated around 10% — and more importantly: liquidity remained, the market was still functioning normally.

Silver, on the other hand, is different.

When silver hits a peak, its price can evaporate faster than people can walk from home to the silver shop. And when they arrive… all that’s left is paper profits,

Currently, gold/silver prices are high not because of their “utility,” but because the market considers them as safe-haven assets / stores of value.

If one day the world doesn’t collapse, society still has electricity, internet, banks, technology… then gold/silver wouldn’t need to be valued so highly as they are now.

At that point, gold/silver will be driven closer to their true “usable” value, for example:

• Gold used in jewelry, a small part in electronic components
• Silver used more in industry, electrical wiring, solar panels…

But this “usable” part isn’t enough to explain the enormous prices that gold/silver currently have, because current prices also include:
• Safe-haven trust
• Fear psychology
• Defensive capital flows
• The “reserve stock” role of nations / funds

If all safe-haven trust is removed, gold/silver would only be “industrial metals + jewelry,” and their value would drop to just 1% of the current.