Gold is violently volatile today and Silver is bulls' madness. Nevertherless we keep seeing bearish patterns. It can be, of course, that I fell a victim of confirmation bias (I hold short therefore I am inevitably biased), but something tells me it's not that bad.
Havr a look at lower timeframe here - seems like leading diagonal with impulse waves has been spotted.
The leading factor is Real Interest Rate ; With 5 years US T note a 119 - 2 year T note at 108 and and Inflation at 7 % per year , one solution to avoid your money being eaten is Physical Gold or Top Quality Fine Art ( I exclude BTC cause it's a gamble on Governments unleashing their own political suicide ) .