๐จ Gold & Silver Crash After Trump Names New Fed Chair ๐ฅ๐ฅ๐ฅ
Precious metals were hammered overnight as markets reacted to President Donald Trumpโs nomination of Kevin Warsh as the new Federal Reserve Chair ๐ฆ๐บ๐ธ
๐ In just 24 hours, more than $15 TRILLION was wiped out from gold and silver markets โ nearly half the size of the entire U.S. economy ๐ฑ๐ฃ
๐ฅ Silver led the collapse, plunging as much as 30% to around $80, marking its biggest one-day fall since 1980 โ ๏ธ
๐ Heavy leverage and margin calls forced traders to sell, accelerating the crash
๐ฅ Gold wasnโt spared either, sliding about 11% after recently hitting record highs above $5,600 ๐โฌ๏ธ
๐ After surging more than 90% over the past year, analysts say the move looks like a sharp but overdue correction ๐
๐ง Market experts noted that the sell-off was driven by:
๐ Profit-taking after an extreme rally
๐ Forced selling due to leverage
๐ A stronger U.S. dollar, making gold more expensive for global buyers ๐ต
๐ Despite the chaos, analysts stress that long-term fundamentals remain intact:
๐ฆ Central bank buying continues
๐ก๏ธ Gold and silver still serve as hedges against political and fiscal uncertainty
โ ๏ธ Bottom line:
This wasnโt a collapse in confidence โ it was a violent reset after prices ran too far, too fast. Volatility is back, and markets are repricing risk in real time ๐๐ฅ
#GOLD_UPDATE #SilvergateSettlement #FEDNEWHEAD #Trumpcalledoff
