{"id":54584,"date":"2026-02-05T20:29:29","date_gmt":"2026-02-05T20:29:29","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/silver-falls-around-35-after-historic-high"},"modified":"2026-02-05T20:59:17","modified_gmt":"2026-02-05T20:59:17","slug":"silver-falls-around-35-after-historic-high","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/silver-falls-around-35-after-historic-high","title":{"rendered":"Silver falls around 35% after historic high"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong> <\/span>Silver reached a record of $121.7 per ounce in January but fell 35% to $79 in the second month of the year, amid all precious metals suffering from volatility.<\/p>\n

Zafer Ergezen, a futures and commodities expert, told Anadolu that the silver decline was not a big surprise, as all precious metals were down, though silver\u2019s drop was steeper than most, and its volatility continued to remain high, even on Thursday.<\/p>\n

Ergezen attributed the recent Fed chair nomination as being the main factor behind the decline in silver.<\/p>\n

US President Donald Trump nominated Kevin Warsh for the Fed chair position, a candidate who is perceived as favorable to rate cuts.<\/p>\n

\u201cWarsh is a Fed chair candidate who wants to see a reduction in the bank\u2019s balance sheets and less intervention by the bank in the markets, while still maintaining strict fiscal and monetary policies in the economy,\u201d he said.<\/p>\n

He explained that silver fell from its historic high largely because Warsh\u2019s nomination raised expectations that the US dollar would not depreciate as much as previously anticipated and that the US Dollar Index might remain relatively strong.<\/p>\n

He noted that Warsh’s nomination as Fed chair is also expected to reinvigorate the hopes that the debt problem, causing the Fed and the US to lose their credit ratings, will be somewhat resolved.<\/p>\n

\u201cThis is because the trend in precious metals was actually moving towards safe haven assets amid the decline… in confidence in the US dollar,\u201d he said.<\/p>\n

Ergezen noted that margin calls and increased liquidity requirements amplified the decline, as forced sales triggered additional selling.<\/p>\n

He added that a portion of the market has already shifted toward safe-haven assets amid uncertainties related to Trump\u2019s policies.<\/p>\n

\u201cTrump\u2019s economic and political policies after taking office, the tariff wars, his attack on Venezuela, and his demand for Greenland created a major source of concern in the markets, as investors shifted away from the US dollar,\u201d he said, adding: \u201cConsidering this, one might say Trump\u2019s nomination of Warsh could mean he will pursue a more moderate policy to achieve his goals without clashing with the markets, which is calming the markets for now.\u201d<\/p>\n

He added that Japan\u2019s bond yields are at high levels due to de-dollarization and the shift towards precious metals, while Trump\u2019s nomination of Warsh has led to some recovery in the US dollar index.<\/p>\n

Find more news and analyses on Eritrea<\/span> on the Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. Silver reached a record of $121.7 per ounce in January but fell 35% to $79 in the second month of the year, amid all precious metals suffering from volatility. Zafer Ergezen, a futures and commodities expert, told Anadolu that the silver decline was not a big surprise, as all precious metals were […]<\/p>\n","protected":false},"author":84,"featured_media":54583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,7857,7748,7513],"class_list":["post-54584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-eritrea","tag-historic-high","tag-ounce-silver","tag-silver-prices"],"yoast_head":"\nSilver falls around 35% after historic high - Eritrea<\/title>\n<meta name=\"description\" content=\"-article-header-tag"> Africa-Press - Eritrea. 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