Key TakeawaysSpot silver prices skyrocketed nearly 8% to hit $84.57 per ounce, marking a massive rally in the precious metals sector.St. Louis Fed President Alberto Musalem suggested the economic outlook may remain unchanged if incoming Trump administration tariffs are implemented on a "one-for-one" basis.Spot palladium surged over 4%, climbing to $1,760.35 per ounce amid broader strength in industrial and precious metals.Musalem signaled support for Kevin Warsh as the next Federal Reserve Chair, describing ...