What caused the SLV stock drop today?

The move followed the Kevin Warsh nomination, which cooled hopes for rapid rate cuts. Higher expected real yields tend to pressure precious metals. Silver fell quickly, dragging SLV lower. Elevated positioning and thin liquidity during the headline amplified selling, with volume surging well above average as investors de‑risked.

How does the Kevin Warsh nomination affect precious metals?

Investors see Warsh as more cautious on aggressive easing. That implies higher or stickier real yields versus prior expectations, which is typically negative for gold and silver. The impact can fade if growth risks or geopolitical shocks intensify, but day‑to‑day pricing now tracks the rate path more closely.

Should Swiss investors hedge USD exposure when buying SLV stock?

It depends on goals. Leaving USD exposure unhedged can diversify CHF risk and sometimes boost returns, but it can also magnify drawdowns. Hedging part of the exposure via FX forwards can stabilize CHF returns. Decide based on time horizon, risk tolerance, and how SLV fits within your broader asset mix.

Is physical silver better than SLV for Swiss investors?

Neither is universally better. Physical silver offers tangible ownership but usually involves VAT in Switzerland, plus storage and resale logistics. SLV stock provides liquidity, transparent pricing, and ease of sizing or rebalancing. Your choice should reflect costs, liquidity needs, time horizon, and how you manage currency exposure.

Global Market Insights

SLV Stock Today: January 31 Warsh Fed Pick Sparks Silver Rout

ByHuzaifa Zahoor February 1, 2026February 1, 2026

SLV stock slid after the Kevin Warsh nomination shifted rate‑cut expectations and sparked a silver price today selloff alongside a gold price plunge. For Swiss investors, this move highlights how quickly policy headlines can swing precious‑metal ETFs. We break down what changed, how the latest technicals and volumes look, and what to consider for CHF‑based portfolios. We also flag key levels, scenario paths, and risk controls so readers in Switzerland can respond with a clear plan rather than reacting to noise.