We are at the end of the easy money cycle. Interest rates rising is just the beginning. Debt will be less easily available and more expensive. Rising interest rates will also destroy many derivatives resulting in a cascade of bankruptcies and vanishing money. There is a giant sucking sound, and it's the sound of debt money being removed from the system. Any leveraged asset (cryptos, stocks, bonds, property) will be annihilated while solid none debt related assets will become the go to safe haven. The fact that debt has been used to suppress precious metals will likely make the upside move even more astonishing. It might not happen tomorrow but at some point there will be shock and awe in the PM market as they respond to collapsing assets, built on a crumbling foundation of debt.