Silver, Gold Prices Retreat as Markets React to Warsh’s Jackson Hole Speech
Silver and gold exchange-traded funds faced significant selling pressure at the end of last month as investors reacted to a shift in expectations surrounding U.S. monetary policy. Precious-metal-linked products declined sharply during the session, with some gold and silver ETFs losing more than 3%. The weakness followed comments from U.S. Federal Reserve Chair Kevin Warsh at Jackson Hole, which were interpreted by markets as more hawkish than previously expected. The latest decline has put the strong rally in precious metals under renewed scrutiny. Gold and silver have delivered substantial gains, prompting investors to reassess whether the current pullback represents a…