Gold 
“Silver Price Outlook
Silver prices rose alongside gold during November and early December. While gold touched a record high level on 4 December, silver prices fell short of even its high for this year of $26.44 reached on 5 May 2023. Prices touched an intraday high of $26.34 on 4 December. Silver prices have come down from the early December high. Silver prices are expected to move mostly between $23.50 and $25.50 over the next few months. a fall to $22.80 or rise to $26.50 should not be ruled out.
A lot of the strength in precious metals prices at this time is based on weakness in the dollar and expectations of lower interest rates next year. There are risks to this thinking which could come in the form of stronger than expected economic data or the Fed putting out a strong
message to the market about their desire to hold rates higher for longer. This message could come in the form of the updated Summary Of Economic Projections report that the Fed will release at its next Federal Open Market Committee meeting to be held on 12 and 13 December.
The actual economic data are of course paramount to both the Fed’s update and the market’s expectations. If this data are stronger than expectations it will force a correction because markets are currently pricing in a loss in momentum of economic growth during 2024.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
