Spot silver broke below $57/oz, down 7.40% intraday.

Micron Technology (MU.O) extended after-hours gains to 7.5%.

Federal Reserve Vice Chair for Supervision Michelle Bowman has completed a reorganization of the Fed’s bank supervision function to concentrate resources on what she describes as key financial risks, Bowman said in a memo to staff. The restructuring, effective July 12, reallocates personnel and resources into four functional groups—Supervision; Financial Research, Risk & Applications; Regulation & Policy; and Business Enablement—and the division will begin recruiting leaders and staff.