Silver Plunges as Markets Approve Nominee Selected to Head the Fed
Last week saw the price of silver drop after President Trump revealed plans to nominate Kevin Warsh as the next Head of the Federal Reserve. Warsh is a bank executive and financier who’s previously served as a member of the Fed’s Board of Governors and has now been named as the president’s choice to head that institution after Jerome Powell retires from the role. The reaction highlights how swiftly sentiment toward silver can reverse when markets reassess the outlook for American interest rates and central bank leadership. The sharp selloff also underscores how sensitive precious metals markets remain to shifts in expectations around U.S. monetary policy. Investors appeared to interpret the nomination as a signal of greater stability and predictability at the Federal Reserve, reducing the immediate…