A sudden silver price meltdown has ignited a global physical buying frenzy, leading to widespread supply chain breakdowns and record premiums. As investors rush to secure bullion, dealers face depleted inventories and significant delivery delays.

Stock market rotation out of software and tech in general was on clear display today, with the tech-heavy Nasdaq and Nasdaq-exposed S&P 500 hitting the closing bell lower by -1.51% and -0.51%, respectively.