---
title: "Silver Plummets 26% as Trump's Fed Chair Pick Eases Independence Concerns"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/274353968.md"
description: "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."
datetime: "2026-01-30T20:12:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274353968.md)
  - [en](https://longbridge.com/en/news/274353968.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274353968.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/274353968.md) | [繁體中文](https://longbridge.com/zh-HK/news/274353968.md)


# Silver Plummets 26% as Trump's Fed Chair Pick Eases Independence Concerns

Silver (XAGUSD) is down by 26% on Friday as investors assess President Trump's nominee, former Fed Governor Kevin Warsh, to succeed Jerome Powell.

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The risk of the Fed losing independence had been on the rise in recent months, as Trump had pressured the central bank to lower rates and initiated an investigation into Powell over the central bank's renovation of its Washington, D.C., headquarters. That provided a boost to silver, as the precious metal is viewed as a safe-haven asset that tends to benefit during periods of political uncertainty. However, Trump's nomination of Warsh could change things.

## **Warsh Nomination Weighs on Precious Metals**

Warsh is viewed as being a "hawk," or someone who favors higher interest rates in order to control inflation. Higher interest rates reduce the appeal of silver and can also result in a stronger U.S. dollar.

"The Warsh pick should help stabilize the dollar some and reduce (though not eliminate) the asymmetric risk of deep extended dollar weakness by challenging debasement trades – which is also why gold and silver are sharply lower," said Evercore ISI Vice Chairman Krishna Guha. Forced selling caused by margin calls is also likely contributing to the fall in precious metals.

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