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Silver Crashes 20% As China Opens, Gold & Bitcoin Also Plunging
On the heels of today's momentum collapse in the US, Silver prices have puked almost 20% in a matter of hours after Asian markets opened... charts The overall decline from when Trump's announcement of Warsh's nomination as the next Fed Chair is now back up to 40%. “Sentiment seems to have turned soggy across most asset classes, including regional equities and metals,” said Christopher Wong, a strategist at Oversea-Chinese Banking Corp Ltd. “This underscores fragile sentiment” and has created “a feedback loop amid thin market liquidity,” he said. Spot Gold prices are also down (around 4-5%), with $5000 ... (full story)
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