美联储新任主席人选揭晓后，金银遭“血洗”，一夜蒸发“法国+英国”

Core Viewpoint - The market perceives Kevin Warsh as a hawkish candidate, alleviating Wall Street's fears that the Federal Reserve would succumb to pressure from Trump to lower interest rates, leading to a significant rebound in the dollar and a sharp decline in precious metals [1][8]. Group 1: Market Reactions - Following the announcement of Warsh's nomination, the precious metals market experienced extreme volatility, with silver prices plummeting and gold futures recording the largest single-day dollar drop in history [1][3]. - Silver prices surged past $120 on Thursday but fell below $100 on Friday, with U.S. silver prices dropping to $78.29 during trading [2]. - The spot silver price fell over 35%, marking the largest single-day drop since March 1980, while gold prices also saw significant declines, with intraday losses nearing 13%, the largest since January 1980 [3]. Group 2: Market Capitalization Impact - The sharp decline in gold and silver prices resulted in a combined market value loss of approximately $7.4 trillion, equivalent to the total GDP of France and the UK [6]. - The recent surge in gold and silver prices had attracted substantial speculative investments, raising concerns about the devaluation of traditional currencies like the dollar, which fueled a "debasement trade" trend on Wall Street [6]. Group 3: Investor Sentiment and Market Dynamics - The volatility in gold and silver prices was not attributed to a collapse in market confidence but rather to risk limits, margin requirements, and volatility control measures that forced investors to reduce their exposure [8]. - Analysts suggest that the sell-off was a necessary "reset" after the previous rapid price increases, which had significantly raised costs for industrial users [10]. - The speed of the collapse in the precious metals market caught many investors off guard, with some analysts expressing confusion over the sudden market movements [10].