Do not panic.
If you own precious metals this is not the time to be selling. This is the time to begin using the cash you have been building for months to take advantage of opportunities like today.
There are rumors that a hedge fund or multiple funds are currently liquidating.
I am personally, and I am recommending to people that I advise, stepping in strong here and purchasing physical silver. I understand that the market could fall heavily from here. I will buy more. I don't want want to sell tomorrow. I don't want to sell next month.
I care about how many ounces of physical silver I own when we reach the mania stage of this bull market. Stay focused on the big picture.
I am not a financial advisor. Make sure you contact one before making any investment decisions.