New Silver Price Prediction for After the FOMC Meeting

Jon Banking, Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals, Silver

After the FOMC meeting on Dec. 13-14, our new silver price predictionshows the price of silver rising substantially.
In fact, Money Morning Resource Specialist Peter Krauth believes that silver prices could rise to the mid-$20 level within six to nine months.
We’ll look more closely at Krauth’s 2017 silver price prediction in just a moment. But first, let’s look at what to expect at the FOMC meeting this week…
What to Expect During the Upcoming FOMC Meeting
Investors widely project the U. S. Federal Reserve will raise interest rates this week. According to the CME Group’s FedWatch Tool, there’s a 97% chance of a rate hike on Wednesday.
Now, the rate hike would be small – just 0.25%. And that would bring the fed funds rate up to between 50 and 75 basis points. If the Fed chooses to raise interest rates now, its moves will closely mirror the timing and size of its last interest rate hike, which also occurred in December and was just 0.25%.
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This post was published at Wall Street Examiner on December 12, 2016.