🔴 Bullion Bloodbath: Silver Crashes 17%, Gold Sees Worst Day Since 2013
• 📉 Sharp Selloff: Silver plunged ~15–17% in a single day, marking its worst crash in ~15 years; gold fell >7%, its steepest drop since 2013.
• 🏛️ Trigger – Fed Hawk Signal: Selloff triggered after Donald Trump nominated Kevin Warsh—seen as a hawkish Fed chair candidate.
• 💵 Stronger Dollar Shock: Expectations of tighter monetary policy and a smaller Fed balance sheet strengthened the USD, pressuring precious metals.
• 💰 Profit Booking: Crash came just a day after record highs, amplifying downside due to aggressive profit-taking.
• ⚖️ Silver Hit Harder Than Gold: Higher speculative positioning and industrial linkage made silver more vulnerable than gold.
🔴 Impact: Negative (Near Term)
Sharp volatility dents bullion sentiment and may trigger further deleveraging; however, long-term investors may view deep corrections as selective accumulation opportunities once policy clarity emerges.