According to CoinMeta, Investinglive analyst Justin Low stated, "Precious metals have been impacted by multiple headwinds, and the current situation is becoming increasingly difficult. The first headwind is the significant shift in the overall market outlook. For the past two years, precious metal prices have relied on central bank interest rate cuts as a key upward driver. However, this has now completely reversed. With escalating inflation concerns, central banks are now forced to quickly shift to raising interest rates. This is also a significant change in trading sentiment for precious metals. The second influencing factor comes from the technical level, with both gold and silver prices falling below their respective 100-day moving averages. In addition, the third factor is the increased holdings in bonds and stocks. Precious metals have been a popular investment choice in leveraged trading over the past year. However, when we see such a large-scale market sell-off, especially one that seems poised to have a severely negative impact on the stock market, we must be highly vigilant about margin calls."