According to CoinMeta, the metals market experienced a significant decline on Thursday, with the combined market value of gold and silver losing approximately $1 trillion. Silver prices fell by 5.8%, and gold prices dropped by 2.8%. The surge in oil prices sparked concerns about inflation, which affected market sentiment. Platinum prices fell by 4%, palladium prices dropped by 3.7%, and copper prices declined by 2.8%, hitting a five-week low. Based on the supply estimates from companiesmarketcap, the market value of gold lost about $810 billion, while silver lost over $190 billion.