NYSE:UNIT News 30 January 2026

January 30, 2026, 4:50 PM EST. The recent sharp decline in precious metals prices, with silver plunging 35% and gold down 12%, has rattled markets. Silver nearly erased its January gains within hours, while platinum and palladium also dropped significantly. U.S. stocks similarly slipped, led by tech-heavy Nasdaq and S&P 500 declines. In contrast, cryptocurrencies, including Bitcoin holding above $81,000, showed relative stability after earlier falls. Experts link the sell-off to President Trump's nomination of Kevin Warsh as Fed chair, viewed as a hawkish choice that triggered risk asset sell-offs. Crypto bulls suggest this rotation from commodities back into cryptocurrencies could fuel a new Bitcoin rally, with growing options activity hinting at rising upside bets. The metals crash may clear the way for a commodity-to-crypto capital shift.