2026 kicked off with pure madness—gold exploding past $5,500 an ounce and silver blasting over $120 on one of the biggest rallies ever seen, then Friday hit like a bomb: Trump nominates Kevin Warsh as Fed Chair, markets love the hawkish vibe, the dollar rockets higher, safe-haven buying vanishes in seconds, gold craters more than 12 percent—its nastiest drop since the 1980s—slamming below $5,000, while silver gets absolutely nuked with a 30 to 36 percent single-day wipeout, the most violent crash on record, billions in value erased overnight as profit-taking spiraled into full-blown panic selling—correction or the end of the bull run forever—hit like if you're scooping up the dip because precious metals just turned into the wildest show in town.
