The Bank of America stated that the volatility of gold and silver will continue after the price crash.

Bank of America stated that despite the sharp drop in gold and silver prices from historical highs, the markets for both precious metals will continue to experience high levels of volatility. According to volatility indicators, the volatility of gold prices has reached its highest point since the peak of the 2008 financial crisis. At the same time, the silver market has experienced its most violent market turmoil since 1980. Last month, precious metal prices soared, continuing the strong uptrend supported by speculators, geopolitical concerns, and concerns about the independence of the Federal Reserve. However, all of this came to a sudden stop late last week, with gold experiencing its biggest drop in over a decade, and silver also setting a record for its largest single-day decline. "We will continue to maintain an environment of high volatility levels above historical averages, but not like the past few days, unless we see another speculative bubble," said Niklas Westermark, head of commodities trading in Europe, the Middle East, and Africa at Bank of America. "The sharp declines in the past two trading days, I believe, have largely cleared the market."