Group 1 - The sudden drop in gold and silver prices is attributed to three main factors [1][2] - The first factor is the abrupt shift in Federal Reserve policy expectations towards a hawkish stance, significantly altering the dollar interest rate environment [1][2] - The second factor is the overheated market conditions, which have led to substantial correction pressure, with technical indicators like the Relative Strength Index (RSI) for gold recently exceeding 90, indicating an "overbought" condition [1][2] - The third factor involves a massive influx of speculative and leveraged funds into the precious metals market, creating crowded trading conditions, particularly in silver, which has attracted day traders [1][2] Group 2 - The price reversal has forced high-leverage long positions to liquidate, exacerbating the sell-off through a cascading effect [1][2]