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What’s Next for Silver Prices Following Fed Rate Hike
The Fed's two-day meeting on Dec. 15-16 is nearing, so it's time to look at what impact a likely interest rate hike will have on silver prices.
When the Fed raises interest rates, the value of the U.S. dollar increases, which also makes dollar-denominated commodities more expensive.
This reduces the demand for precious metals like silver, sending silver prices lower.
But this upcoming December rate hike will affect silver differently than in the past...
The Fed's two-day meeting on Dec. 15-16 is nearing, so it's time to look at what impact a likely interest rate hike will have on silver prices.
When the Fed raises interest rates, the value of the U.S. dollar increases, which also makes dollar-denominated commodities more expensive.
This reduces the demand for precious metals like silver, sending silver prices lower.
But this upcoming December rate hike will affect silver differently than in the past...