Introduces topic: markets reacting to Kevin Warsh Fed nomination, with silver getting obliterated and gold down, questioning if the metals run is over.
Scott Wapner
Stephanie Link
Silver's move has been meme-ish, propelled by retail options trading; the degree of move up and down is due to speed of retail access via options.
Rob Seach
Silver options trading surpassing Nasdaq options indicates mania; parabolic moves need a catalyst.
Jim Leiband-Thol
Metals may take a pause; central banks have been moving into gold/silver, retail followed momentum; silver has industrial demand support from manufacturing/AI.
Josh Brown
Today's metals selloff is not about policy fundamentals but flushing out of unsophisticated, leveraged money; it's healthy for the longer-term uptrend.