Following goings on with Silicon Valley Bank and others in USA, we see reactions this side of the pond. Credit Suisse is down nearly 30% today, with their primary investor ruling out any further liquidity input from them. This is quite a major development, as the collapse of Credit Suisse would most certainly be considered as another 2008 Lehman Brothers moment, which at that time was the trigger for the financial crisis that was such a correction and turning point back in 2008.
There is most certainly an obvious fear spreading quickly throughout the markets, here in the UK as well as globally. This can only be seen as positive for gold and silver, with demand for precious metals rising significantly and metal prices rising accordingly, as investors turn to the considered safe haven of gold.