{"id":1052,"date":"2026-02-02T10:44:36","date_gmt":"2026-02-02T10:44:36","guid":{"rendered":"https:\/\/mmchuck.com\/m\/?p=1052"},"modified":"2026-02-02T10:44:36","modified_gmt":"2026-02-02T10:44:36","slug":"gold-dives-5-and-silver-crashes-7-extending-sell-off-in-precious-metals-after-historic-plunge","status":"publish","type":"post","link":"https:\/\/mmchuck.com\/m\/2026\/02\/02\/gold-dives-5-and-silver-crashes-7-extending-sell-off-in-precious-metals-after-historic-plunge\/","title":{"rendered":"Gold dives 5% and silver crashes 7%, extending sell-off in precious metals after historic plunge"},"content":{"rendered":"
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2\/2\/2026<\/p>\n

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  • Gold and silver continued to sell off on Monday, deepening losses from last Friday\u2019s rout.<\/li>\n
  • Spot gold crashed nearly 10% on Friday, while silver nosedived 30%.<\/li>\n<\/ul>\n

    \u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n

    The CME Group increased margin requirements following the steep sell-off last week, effective Monday after market close. Margins on COMEX gold futures have been raised to 8% from 6%, while those on the COMEX 5,000-ounce silver futures were lifted to 15% from 11%.<\/p>\n

    \u00a0<\/p>\n

    According to Google AI<\/p>\n

    The sharp decline in gold and silver prices on<\/div>\n

    February 2, 2026<\/strong>, is primarily driven by the nomination of Kevin Warsh<\/strong> as the next Federal Reserve Chair, which has strengthened the U.S. dollar and shifted interest rate expectations. This \u201cWarsh rout\u201d triggered a historic sell-off, with gold falling nearly 9%<\/strong> and silver plunging over 31%<\/strong> in a single session last Friday, moves that extended into Monday\u2019s trading.<\/p>\n

    \u00a0<\/p>\n

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