Historic Crash in Precious Metals

Gold and silver saw a brutal sell-off after a sharp surge in the US dollar.
Silver plunged 30 intraday the largest drop ever.
Gold fell 10 the worst move since 1983.
Other metals copper, platinum, palladium followed.
Trigger: markets reacted to confirmation that Donald Trump nominated Kevin Warsh as Fed Chair.
Who is Kevin Warsh?
Warsh is a former Fed governor, known for a hawkish stance, strong-dollar policy views, and a skeptical attitude toward crypto. He has repeatedly criticized Bitcoin and digital assets, warning about speculation and financial risks.
When does he take office?
If approved by the Senate, Warsh is expected to officially become Fed Chair in 2026.
Markets read the nomination as:
Lower odds of intentional dollar devaluation
A signal to lock in profits after overheated rallies
A reason to exit safe-haven assets
Despite the crash, gold is still up 10 YTD, silver 14 .