Silver Plummets 26% as Trump's Fed Chair Pick Eases Independence Concerns
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Silver prices have plummeted by 26% following President Trump's nomination of Kevin Warsh for Fed Chair, raising concerns about the Fed's independence. Warsh, known for favoring higher interest rates, could strengthen the U.S. dollar and diminish silver's appeal as a safe-haven asset. This shift in sentiment, coupled with forced selling due to margin calls, has significantly impacted precious metals markets.
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