What happened in March 2020?

[Foster88]

Something really has me scratching my head.

Around 16-18 March this year gold, silver, platinum and palladium just suddenly dropped, mainly silver and palladium, gold not as big a drop.

I was working away at the time so not keeping track of the markets. All I know is that it was the week before the UK government announced the lockdown.

What am I missing? 🤔

[swanky]

My understanding: over-leveraged hedge funds etc needed to liquidate something FAST.

[Shinus73]

You’re not missing anything particularly, the precious metal markets went down sharply, along with the general stock markets, in a Covid panic.

[Foster88]

11 minutes ago, Shinus73 said:

You’re not missing anything particularly, the precious metal markets went down sharply, along with the general stock markets, in a Covid panic.

I did think that it was panic related to Covid 19. It’s all I could assume.