Derren Nathan, head of equity research at Hargreaves Lansdown, said: “The silver bubble well and truly popped on Friday after lenders upped their margin calls to speculators.
“That followed Donald Trump’s nomination of Kevin Warsh, one of the more hawkish contenders in the race, for the top job at the Federal Reserve bank.
“There’s no sign of a silver lining this morning either, with another double-digit decline showing on traders’ screens.
“Gold is following a similar but far less pronounced pattern.
“In industrial metals, Copper has also seen a flight of speculative funds, although here, the long-term demand runway combined with limited new production set to come on stream should provide some support.”
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