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BREAKING: Precious Metals Plunge as Bears Reign Supreme!
It’s official, folks! Another day, another crash! Silver has plummeted to alarming new lows, breaking through not one, but TWO critical support lines in today’s pre-market frenzy!
Yes, you heard it right! This ominous trend spells trouble ahead. Even if silver attempts a comeback later, the damage is already done. Intraday price extremes have shattered the previous support, and a rebound to the rising support before the inevitable drop is totally on the cards!
Gold Faces a DREADFUL June – Is This the End?
And if you think silver is suffering, wait till you hear about gold! This heavyweight champion of commodities has crashed below its rising support line and shows no signs of life. Right now, gold sits below its late-May high, and at this rate, June could become a catastrophic down month!
But hold on! The most shocking part? Both silver and gold are tanking while the USD falters! Itโs unreal!
Despite a minor pullback in the USD Index, which is totally normal, the fact that both precious metals are nosediving anyway is absolutely unnatural! Think about it: gold canโt rally even with rising tensions in the Middle East and a plunging dollar backing it? Whatโs it gonna take to get gold back in the game? A financial apocalypse?
We’re not joking hereโunless some catastrophic event happens, it looks like the golden days are over!
And letโs talk platinumโoh boy, does it have a story to tell! Volume skyrocketed when platinum reversed last week, marking a peak! But beware, the second peak emerged with crumbling volumeโproof that buying power is drying up!
Platinum’s Plummet: A Warning Echoing 2008!
As the platinum market starts its dive, guess what? Volume is surging again! And remember, platinum is a tiny market compared to gold and silver. A wave of buyers could rock the boat significantly, just as we saw before the 2008 crash!
Seeing that the second peak in platinum brought dwindling volume? It’s the first crack in the dam! The buyers are all in, and that means the wild buying frenzy is now OVER!
In a shocking twist, prices can only go down from hereโunless new buyers emerge. But let’s face it, those last-minute buyers may have already tapped out, signaling the end of the rally across the entire precious metals realm!
So, as the market crumbles under the weight of exhaustion, it raises the alarm: is this the beginning of the end for precious metals? The echoes of 2008 arenโt just whispers anymoreโthey’re a deafening roar!