Silver Plunges Record 36% as Precious Metals Suffer Historic Collapse – Bitcoin About to Rally?

Precious metals suffered a catastrophic collapse on January 30 as gold plunged over 12% below $5,000 an ounce while silver recorded its largest intraday drop in history, falling as much as 36%, according to Bloomberg. Source: Bloomberg The selloff was triggered by President Donald Trump’s nomination of Kevin Warsh as Federal Reserve chair, which sent the dollar soaring and sparked massive profit-taking across commodities markets. The crash wiped out more than $15 trillion from the gold and silver marke ...