Silver and Gold Prices Drop Sharply Amid Fed Policy Uncertainty and Easing Geopolitical Tensions

Silver and gold prices experienced sharp declines following a recent rally driven by geopolitical tensions and speculative momentum. Silver dropped as much as 16.6%, erasing gains from a two-day recovery, while gold fell around 3.5%. The selloff was influenced by investor concerns over US Federal Reserve monetary policy, including the nomination of Kevin Warsh as Fed chair, and easing US-Iran tensions. Market volatility is expected to continue amid uncertainty over interest rate decisions and global economic data, with some analysts maintaining a positive long-term outlook for precious metals.