⚠️Gold and silver in free fall after Trump's announcement?

What the nomination of Kevin Warsh to the Fed hides and what is alarming investors. #SilvergateBank 〽️

⚠️Panic in precious metals: in a single session, the price of gold per ounce dropped by more than 6%, while silver fell by nearly 17%, erasing in a few hours part of the surge of recent weeks.

✅For investors who saw these safe-haven values as a shield against inflation and geopolitical tensions, the shock is severe and the charts give the impression of an almost vertical crash. At the heart of this stunning turnaround, one name keeps coming up on Wall Street: that of Kevin Warsh.

✅Friday, January 30, 2026, a few days after historic records around $5,595.47 (a little over €5,100) per ounce for gold and over $121.65 (around €110) for silver, Donald Trump officially announces his intention to appoint Kevin Warsh as head of the Federal Reserve.

✅A few minutes later, prices turn around and the session turns into a rout for precious metals, against a backdrop of impressive volumes. Behind this chain reaction is a mix of market psychology, monetary policy, and stock market mechanics.