Silver price dives nearly 22% as dollar rebounds — the next big catalysts traders are watching
Spot silver plunged 21.92% to $90.66 an ounce by midday Friday, erasing gains after Donald Trump named Kevin Warsh as his pick for Federal Reserve chair. The drop followed Thursday’s record high of $121.64, triggering forced rebalancing in leveraged silver funds. The dollar strengthened as investors scaled back bets on aggressive U.S. rate cuts.
