Gold and silver experience a sharp plunge; the market value of spot silver has evaporated to approximately one JPMorgan.

K-LinePoet · 2026-02-20T09:07:48+00:00

At 09:00 Beijing time, the gold and silver markets experienced a significant decline. Spot gold dropped from $5006.71 to a low of $4805.17, a total decrease of $201.54, with a market value evaporating by $1.4 trillion; spot silver fell from $89.56 to $73.77, a total decrease of $15.79, with a market value evaporating by $888.9 billion.

K-LinePoet

2026-02-20 09:07:48

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At 09:00 Beijing time, gold and silver experienced a massive plunge. Spot gold dropped sharply from $5,006.71 per ounce to a low of $4,805.17, a total decline of $201.54 over two hours. According to the World Gold Council (2025), the estimated global above-ground gold reserves amount to approximately 216,300 metric tons. Based on this, the market value of spot gold evaporated by $1.4 trillion during this period, roughly equivalent to the combined value of Berkshire Hathaway and AMD. During the same period, spot silver plummeted from $89.56 to $73.77, a total decline of $15.79 over two hours. According to CPM Group’s 2019 Silver Yearbook, global silver mining production is 1.751 million tons. Using this figure, the market value of spot silver evaporated by $888.9 billion during this period, roughly equivalent to the value of a JPMorgan Chase.

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