Attention all silver investors! Prepare yourselves for an eventful week ahead. The silver market is in for a ride and it’s time to get ready. Stay tuned and keep an eye on what’s to come because this week is going to be big. Make sure to read on for updates and insights on the latest in the world of silver investments.
Silver Investors, Get Ready! It’s a Big Week Ahead
If you’re a silver investor, then you know that the market has been unpredictable over the last year. However, this week could be a big week for silver investors. The Consumer Price Index (CPI) inflation data for May is set to release on June 13th, and the Federal Open Market Committee (FOMC) meeting is on June 16th. Both events could impact the price of silver. In this article, we’ll be discussing what these events could mean for silver investors and how to approach the market.
Silver price movement expected this week due to CPI inflation data release and FOMC meeting
The CPI inflation data is closely watched by silver investors because inflation can impact the price of precious metals. A spike in inflation could cause the price of silver to increase because it’s seen as a hedge against inflation. If the CPI data shows a higher-than-expected increase in inflation, this could push the price of silver up.
Additionally, the FOMC meeting is important because it could signal a change in monetary policy. The Fed has been keeping interest rates low to support the economy during the pandemic. However, if the Fed signals that they may raise rates soon, this could lead to a stronger US dollar and weaker silver prices.
The speaker predicts a spike in silver price at the end of the year or early 2022
Of course, predicting the future price of silver is difficult. However, the speaker believes that we could see a spike in silver prices at the end of the year or early 2022. One reason for this is the continued economic uncertainty amid the pandemic. Additionally, governments around the world are increasing their spending, which could lead to inflation and a higher demand for precious metals.
The speaker recommends stacking silver bars and rounds over coins due to premiums
If you’re looking to invest in silver, you have several options, such as coins, bars, or rounds. However, the speaker recommends stacking silver bars and rounds over coins due to premiums. Coins typically have a higher premium than bars or rounds, meaning you pay more over the spot price of silver.
If you’re looking to purchase silver or gold, the speaker provides affiliate links to SD Bullion. This is a great resource for silver investors because they offer a wide variety of products at competitive prices.
The speaker presents the newest silver coin from Germania mint called the Golden Eagle
If you’re a collector of silver coins, you may be interested in the newest release from Germania mint called the Golden Eagle. This coin is one ounce of .9999 fine silver and features the image of an eagle with a stylized Germania on the reverse side.
The US dollar falling and Fed meeting on June 14th could push silver price up
As mentioned earlier, a weaker US dollar could lead to higher silver prices. Additionally, the Fed meeting on June 16th could signal a continuation of low interest rates, causing the value of the dollar to drop. Silver investors should keep an eye on these events and be prepared for potential price movements.
The markets are currently predicting that the Fed won’t raise interest rates after the June meeting. This could cause silver prices to rise because it would signal that the Fed is committed to keeping rates low to support the economy. However, it’s important to always remember that the market is unpredictable and anything could happen.
The CPI inflation data for May, released on June 13th, will impact silver price movement
As we previously mentioned, the CPI inflation data is closely watched by silver investors. The release of this data on June 13th could impact the price of silver. If the data shows a higher-than-expected increase in inflation, this could push the price of silver up.
For silver investors, this is a big week ahead. The CPI inflation data and FOMC meeting could cause the price of silver to move in either direction. However, by staying informed and being prepared for potential price movements, investors can make strategic investment decisions. Whether you’re looking to invest in bars, rounds, or coins, SD Bullion provides a great resource for purchasing silver and gold.
Will the Fed raise interest rates after the June meeting?
A: The markets are currently predicting that the Fed won’t raise rates after the June meeting.