A Sudden Crash in Gold and Silver – Here’s What Triggered It At exactly 11:00 AM ET, gold, silver, and mining stocks took a nosedive. Gold dropped 2.6% Silver plummeted nearly 9% GDX and SILJ miner ETFs lost 5-6.5% What happened? According to Bloomberg, a leaked Russian proposal suggests the Kremlin may embrace the U.S. dollar again—part of a broader deal to end the war in Ukraine and thaw U.S.-Russia relations under a potential second Trump term. The document outlines avenues of economic cooperation—oil, gas, metals, and industry—and includes a dramatic reversal: Russia proposing to resume trade in U.S. dollars, after years of spearheading the global dedollarization movement. Markets interpreted this as: A peace deal is imminent (less demand for…
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