Market Minute 10-22-25- Metals Plunge While Media Talks Heat Up

Precious Metals Market - Gold experienced a significant decline, dropping more than 6% and an additional 3% the following morning, marking its worst selloff in 12 years [2] - Silver saw a dramatic decrease of over 8% in a single session, representing its largest one-day drop since 2021 [2] - The selloff in precious metals occurred without clear catalysts, following a period of extreme enthusiasm and positioning in the market [3] Market Dynamics - The precious metals market had previously enjoyed its strongest annual rally since 1979, leading to overextension [3] - Options trading volume for the SPDR Gold Shares ETF (GLD) reached an all-time high, while inflows into gold ETFs exceeded $8 billion last week, the highest since at least 2018 [3] Media Industry Developments - Warner Bros. Discovery Inc. (WBD) is attracting interest from other entertainment companies, with Paramount Skydance Corp. (PSKY) reportedly pursuing a deal, while CEO David Zaslav is considering a split of the company [5] - WBD's streaming service boasts 126 million subscribers, contributing to its appeal among potential acquirers [5] - Netflix Inc. (NFLX) shares are declining after missing revenue and profit forecasts for the third quarter, with concerns about engagement and valuation persisting among investors [5]