Jerome Powell’s term as Federal Reserve Chair officially ends on May 15, 2026. Kevin Warsh is expected to assume leadership of the central bank. This transition creates uncertainty for U.S. monetary policy and non-yielding assets like silver and gold.
The NY Empire State Manufacturing Index and U.S. Industrial Production figures release today. Industrial applications drive a substantial portion of annual silver demand. These economic indicators provide a real-time gauge for the metal's market health.
The CFTC also releases its weekly Commitments of Traders report today. This data offers insight into institutional positioning as the new leadership era begins.