S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketSilver prices experienced a historic drop of nearly 30% as markets reacted to the leadership of Kevin Warsh at the Federal Reserve. The report, authored by Michael Wan, Senior Currency Analyst at MUFG, notes that this decline was part of a broader trend affecting various commodities, including Gold and Copper. The analysis suggests that while the Dollar strengthens, Asian currencies may see some support moving forward.
Historic drop in silver prices
“In particular, silver prices fell sharply by close to 30% in a move for the history books, while gold, copper and several other commodities also fell meaningfully.”
“Whether he can coalesce his Fed colleagues both into doing so and also other key beliefs such as reducing the size of the Fed’s balance sheet remains to be seen.”
