Gold and silver prices plummeted after hitting record highs, with gold futures dropping 4.5% and silver futures falling 8.7%. Traders were rattled by raised margin requirements on silver futures. China plans to restrict silver exports in January, impacting the AI industry. Silver is crucial in electronics and solar panels, facing supply concerns. The market has seen a surge in precious metals, with gold up 67% and silver up 150% this year. Despite the rally, caution is advised as prices may reverse. Take profits, warns precious metals expert Mike McGlone.

Read more at Yahoo Finance: ‘When it gets this stretched, be careful’