Precious Metals’ Steepest Decline Since 1980 📉
In the broader finance world, the nomination of Kevin Warsh as the next Fed Chair has triggered a "Hawkish Shock."
His reputation for being less "dovish" caused gold and silver to suffer their steepest single-week decline in decades. Silver, which was recently skyrocketing, has faced massive liquidation as traders fear a much more aggressive Fed policy ahead.