Gold and silver prices plummeted early Friday morning following news that President Trump planned to nominate Kevin Warsh as the next chair of the Federal Reserve.Investors started selling off precious metals with gold falling by as much as 10%, dropping from $5,500 an ounce to around$5,136 per ounce.Meanwhile, silver nosedived by up to 20%, declining from $120 per ounce to around$103 per ounce.Trump is nominating Warsh (pictured) to succeed the current central bank chief, Jerome Powell. REUTERSStarting l ...