Silver was hit the hardest, with its value dropping by more than 30 percent, falling below $85 per ounce, resulting in a loss of about $1.96 trillion in market value.
Photo Bloomberg. Exchange data on precious metal prices
Gold, known as a safe-haven asset, also did not escape the decline, falling by 13.6 percent. Its price per ounce dropped below the $4.9 thousand mark, reducing gold's capitalization by $5 trillion.
The crisis also affected other platinum group metals.
The dynamic price changes caused panic among investors and led to mass position closures on the largest global markets. Analysts attribute this situation to a range of macroeconomic factors, but note that such a speed of decline is unprecedented in modern financial history.
