Silver prices edged lower after reports emerged that President Donald Trump is considering Kevin Warsh for the Federal Reserve Chair role. Warsh's opposition to ultra-loose monetary policy has led investors to adjust expectations around future policy settings, causing a modest reassessment across precious metals. $XAG

Warsh's potential appointment signals a more restrained stance on monetary easing, which may impact silver's performance. Analysts note that silver's strong fundamentals and macro backdrop support further gains, but technicals are stretched, and a consolidation is possible. $BULLA

Current silver price: around $118.55, up 3.45% today.$SENT