Why aren't gold and silver going up more as money comes out of the market and crypto?

Why aren't gold and silver going up more as money comes out of the market and crypto? Are big institutions just sitting on cash? Where is the money going?

I bought the dip on GLD and SLV and when the war started and spy started going down I thought for sure gold and silver were gonna do a run up. But no?

Please explain like I'm 5. Thank you.