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Politics : Welcome to Slider's Dugout

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To: roguedolphin who wrote (50702)2/1/2026 7:25:20 PM
From: roguedolphin1 Recommendation

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isopatch

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Silver Remains Volatile After 26% Plunge
Commodity

Silver fell as much as 7% to around $79 per ounce on Monday before recovering above $85 an ounce, as the market continued to reel from Friday’s 26% plunge which was its biggest decline ever. The crash followed news that US President Donald Trump planned to nominate Kevin Warsh as the next Federal Reserve chair, widely viewed as the more hawkish option. Profit-taking also emerged after a relentless rally that had pushed silver to historic highs. That advance was driven by a structural deficit in the silver market and the so-called debasement trade, as investors rotated into physical assets from currencies and bonds amid concerns over rising government debt. Geopolitical and economic uncertainties, along with worries about the Fed’s independence, reinforced silver’s safe-haven appeal. Momentum buying further amplified gains, with a wave of purchases from Chinese speculators adding froth to the rally and intensifying the sell-off as they took profits.
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