Silver and gold, which hit all-time highs on Jan. 29 and are now sitting on a loss of up to 18.5% due to concerns about the potential war between Israel and the United States against Iran, could result in a loss that could be as much as 18%. However, silver and gold may still be ahead if you bought into them in the summer 2025 when silver was at $36 an ounce and gold traded at around $3,300. However, they have fallen sharply since then, with silver and futures trading in major stock averages expected to give back at least a third of their gains from March 23. The situation remains fluid and potentially dangerous, with concerns that talks are going on or not going to be made progress.