Shadows Have White Flickers

I am having a weird shadow related issue. Did anyone had the same issue? Anyone knows how to fix this?

I didnt had this issue prior to 1 week ago. I dont know what can cause this.

Unreal Engine version 5.1
GPU: AMD Radeon™ RX 6950 XT
CPU: Ryzen 7 7700X

Problem somehow caused by Ray Traced Shadows. When enabled shadows looks like in the first picture.

When I disable Ray Traced Shadows problem doesnt exist anymore like in the second picture.

Somehow this settings also effects scene when I right click objects.
Same scene with random object right clicked can be seen below in picture 3.