1993 BMW 325 clicking or ticking noise from engine

My car is making a terrible clicking sound from the time it is started until the time it is turned off. It does increase in speed as my rpms go up but it will also do it when I am idle.
I do need to replace my front struts very soon as I am getting some bounce to the front end. Could this be related? Or am I looking at something more like tie rod ends?

Also, when I am driving it sounds like my tires are flat when they are relatively new and were checked by a tire store and determined to be fine. This noise is not new, but the clicking started within the last week and a half to two weeks. Any ideas on cost of fixing? Thank you!