Post by
ErinBrockovich on Feb 24, 2023 2:21pm
Silver Looking for a Bottom
With one rate hike of 0.25 expected with the next FED session, we are seeing some weakness in gold and silver. Its possible we will see 20 dollar silver. Or even 19 dollars in the next week or two. Though, the fundamentals are still strong. I expect silver to be 25 to 30 dollars once the FED pauses. He has to, or we will see economic catastrophe.
Comment by
RuudinFrance on Feb 25, 2023 8:40am
I'm reading that the FED will become more hawkish as inflation is not reacting as expected. 6% may yet happen before 2023 is over. Short term pain will come first. The 0.25% may well become .50% next turn.