Industry Newsprecious metalscommoditiesnvidiamacroeconomics
Silver Experiences Record Intraday Price Collapse
6.1
Silver plunged more than 35% on Friday to about $74 before rebounding to roughly $82, while gold fell over 12% to near $4,700 after hitting record highs above $5,500 earlier in the week. Traders attributed the selloff to profit-taking after a historic rally and a risk-off shift following President Trump’s selection of Kevin Warsh to lead the Federal Reserve, which pushed yields higher and strengthened the dollar.
Key Points
- 1Silver plunges over 35% intraday to about $74, erasing over $1.2 trillion market value
- 2Fed-policy repricing after Trump names Kevin Warsh drove yields higher and strengthened the US dollar
- 3Precious-metals volatility prompts profit-taking risk, affecting asset rankings like NVIDIA surpassing silver’s market value
Scoring Rationale
Significant, well-sourced market move with clear macro drivers; limited relevance to core AI/ML practitioners reduces impact.
Sources
Public references used for this report.
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