Trump post on Truth Social: “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. Kevin currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, and Lecturer at the Stanford Graduate School of Business. He is a Partner of Stanley Druckenmiller at Duquesne Family Office LLC. Kevin received his A.B. from Stanford University, and J.D. from Harvard Law School. He has conducted extensive research in the field of Economics and Finance. Kevin issued an Independent Report to the Bank of England proposing reforms in the conduct of Monetary Policy in the United Kingdom. Parliament adopted the Report’s recommendations. Kevin Warsh became the youngest Fed Governor, ever, at 35, and served as a Member of the Board of Governors of the Federal Reserve System from 2006 until 2011, as the Federal Reserve’s Representative to the Group of Twenty (G-20), and as the Board’s Emissary to the Emerging and Advanced Economies in Asia. In addition, he was Administrative Governor, managing and overseeing the Board’s operations, personnel, and financial performance. Prior to his appointment to the Board, from 2002 until 2006, Kevin served as Special Assistant to the President for Economic Policy, and Executive Secretary of the White House National Economic Council. Previously, Kevin was a member of the Mergers & Acquisitions Department at Morgan Stanley & Co., in New York, serving as Vice President and Executive Director. I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down. Congratulations Kevin! PRESIDENT DONALD J. TRUMP” This article was written by Giuseppe Dellamotta at investinglive.com. 🔗 Source 💡 DMK Insight Trump’s nomination of Kevin Warsh for the Fed chair could shake up market expectations. Warsh’s background suggests a potential shift towards more hawkish monetary policy, which traders need to consider. If the Senate confirms this nomination, it could lead to tighter monetary conditions sooner than anticipated, impacting interest rates and asset valuations across the board. For traders, this means keeping a close eye on the bond market and the dollar’s strength. A hawkish Fed could strengthen the dollar, which typically pressures commodities and risk assets. Watch for any shifts in the yield curve, particularly if 10-year Treasury yields start to rise significantly. The market’s reaction will likely unfold over the coming weeks as confirmation hearings approach, so be prepared for volatility in equities and crypto markets as traders adjust their positions based on new Fed policy expectations. 📮 Takeaway Monitor the bond market and dollar strength closely; Warsh’s confirmation could lead to tighter monetary policy and impact risk assets significantly.

FUNDAMENTAL OVERVIEWThe strong bullish momentum seems to have waned for precious metals and silver is getting hit the most given its smaller market compared to gold. It’s not clear what caused yesterday’s drop as pretty much all markets went down at the same time. There were only talks of multiple US warships arriving in the Middle East but given that oil prices dropped too, I wouldn’t bet on that reason. Overnight, we got reports that Trump was going to announce his Fed chair pick today and everything suggested that it was going to be Kevin Warsh. We got a hawkish reaction across markets as Warsh was a hawk during his last term at the Fed, although the historical stance is never a guarantee. The narratives underpinning silver in the past several months have been the same as for gold, that is de-dollarisation, geopolitical tensions, and so on. Given the lack of bearish catalysts, the price continued to rise just by inertia. We reached a point where it looks like just FOMO rather than something fundamental because these prices are not justified in the short-term. Since last week, I’ve been turning more bearish in the short-term as I feel like we are reaching an inflection point and February could be the first major negative month for precious metals if the right conditions fall in place. The most important catalyst next week could be the US NFP report. We’ve been seeing improvements in the US Jobless Claims data that seem to suggest a pickup in labour market activity. A strong report would trigger a hawkish repricing in interest rate expectations and put pressure on silver. The other top tier data could also start to weigh on silver if they come out strong, but the NFP report should be the main event of the week. In case we don’t get the bearish catalysts, silver could resume its upside trend. SILVER TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can see silver dropped by more than 20% since yesterday as profit-taking hit the market. From a risk management perspective, the buyers will have a better risk to reward setup around the major trendline to target new record highs. The sellers, on the other hand, will look for a break lower to extend the selloff into the 70.00 level next.SILVER TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see that the price broke below the trendline that was defining the bullish momentum on this timeframe. This is generally a signal of a loss of momentum and potentially a bigger pullback. The sellers will likely step in around the broken trendline with a defined risk above it to keep pushing into the next trendline. The buyers, on the other hand, will look for a break higher to start piling back in into longs and target new record highs.SILVER TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we can see that we have a minor downward trendline defining the current bearish momentum. The sellers will likely lean on the trendline to keep pushing into new lows, while the buyers will look for a break higher to increase the bullish bets into the next downward trendline around the 110.00 level. We can also notice that the price is trading at the lower bound of the average daily range for today. In such instances, we can generally see a consolidation or a pullback before the next move.UPCOMING CATALYSTSToday we conclude the week with the US PPI report and Trump’s announcement of his Fed chair pick. This article was written by Giuseppe Dellamotta at investinglive.com. 🔗 Source 💡 DMK Insight Silver’s recent drop highlights a critical shift in market sentiment that traders need to watch closely. With precious metals losing their bullish momentum, especially silver, it’s essential to consider the broader economic indicators influencing this trend. The simultaneous decline across markets suggests a potential risk-off sentiment, possibly driven by macroeconomic factors like interest rate expectations or geopolitical tensions. For silver traders, this could mean reassessing positions, especially if prices continue to falter. Key levels to monitor are the support around recent lows; a break below could trigger further selling pressure. Conversely, if silver finds support, it might present a buying opportunity for those looking to capitalize on a rebound. But here’s the flip side: the smaller market cap of silver compared to gold means it can be more volatile. If institutional players decide to shift their focus back to gold, silver could lag behind, amplifying losses. Keep an eye on correlated assets like gold and the dollar index for clues on silver’s next move. Watch for any news that could shift sentiment, as the market remains sensitive to external factors. 📮 Takeaway Monitor silver’s support levels closely; a break below recent lows could signal further declines, while a rebound might offer buying opportunities.