Gold and Silver Sharp Fall: It has been a rough morning for gold and silver markets. Prices dropped very fast and shocked many investors. In India, MCX Gold Futures fell by more than 6%, while MCX Silver prices crashed by over 15%. The fall was even stronger in global markets, especially for silver. COMEX Gold Futures were down 4.47%, and COMEX Silver Futures dropped 11.31%. This clearly shows that silver is facing more selling pressure than gold across the world.
Gold, silver selloff deepens after CME hikes margins
Robert Kiyosaki Says This is a Buying Chance
DIfFERENCE BETWEEN Rich People and Poor People:
When Walmart has a SALE poor people rush in and buy, buy, buy.
Yet when the Financial Asset Market has a sale….a.k.a…..CRASH…
the poor sell and run….while the rich rush in….and buy, buy, buy.The gold, silver, and Bitcoin…
— Robert Kiyosaki (@theRealKiyosaki) February 1, 2026
Robert Kiyosaki, the famous author of Rich Dad Poor Dad, reacted strongly to the fall in gold and silver prices. He compared how people behave during shopping sales and how they act during market crashes.
He wrote, “Difference between rich people and poor people: When Walmart has a SALE poor people rush in and buy, buy, buy. Yet when the Financial Asset Market has a sale….a.k.a…..crash the poor sell and run….while the rich rush in….and buy, buy, buy. The gold, silver, and Bitcoin market just crashed….a.k.a. went on sale…and I am waiting….with cash in hand….to begin to buying more gold, silver, and Bitcoin….on sale. What are you going to do?”
Kiyosaki made it clear that he sees the price fall as a discount and not something to panic about. He believes this is the right time to buy assets like gold, silver, and Bitcoin instead of selling them in fear.
Peter Brandt and El-Erian
Veteran trader Peter Brandt also shared his views during the sharp fall in silver prices. In one post, he mocked overly optimistic silver investors. He wrote, “Interesting to see that all the big-mouthed Silver bulls who projected an opening above $90 have crawled into their caves.”
Silver is worth owning, not arguing about
As a Bayesian I operate with binary paths considered
I trust charts as my Priors.
I trust PRICE, not narratives
The long-term chart of Silver suggests $600
NOT as a straight shot $XAG $SIVR $SI_F #Silver
Maybe $60 first pic.twitter.com/E8vhmODLVI— Peter Brandt (@PeterLBrandt) February 1, 2026
Later, Brandt explained his real thinking on silver. He said silver is not something to argue over but something to own with patience. In another post, he wrote, “Silver is worth owning, not arguing about. As a Bayesian I operate with binary paths considered. I trust charts as my Priors. I trust PRICE, not narratives. The long-term chart of Silver suggests $600, not as a straight shot. Maybe $60 first.”
Gold and Silver Price Crash 2026: Latest Rates, Analysis & Recovery Timeline
Mohamed A. El-Erian, President of Queens’ College Cambridge and Chief Economic Advisor at Allianz, also spoke about the heavy price swings. Sharing a chart from the Financial Times on X, he said gold was down 5% and silver had fallen 10%. He explained that the big question now is how long this market shakeout will last and how much damage it may cause.
He wrote, “This chart from the Financial Times illustrates the significant ongoing volatility in precious metals, as speculators have effectively sidelined institutional investors for the time being. Gold is currently trading down 5%, while silver has slumped 10%. The pressing question is how long this shakeout will last and how much damage we should expect. All we know for sure is that the extraordinary rise in the prices of both, while driven by fundamental factors, attracted lots of speculators.”
El-Erian also pointed out that oil prices have fallen too. He added, “Meanwhile, oil prices have also fallen, with Brent down 5%, following a slight cooling in the fundamentally tense relations between Iran and the US.”
