Silver price dives nearly 22% as dollar rebounds — the next big catalysts traders are watching
Spot silver fell 21.92% to $90.66 an ounce by 12:30 p.m. ET on Friday after Donald Trump said he would tap former Federal Reserve governor Kevin Warsh as the next chair. The metal touched $89.93 and was on track for its biggest daily drop on record, based on LSEG data, after scaling a record $121.64 on Thursday; it was still up more than 23% in January. Suki Cooper at Standard Chartered Bank said the dollar and expectations for “real yields” — inflation-adjusted bond returns — helped trigger profit-taking.
