Silver Price Plunges But Experts Predict Bounce on Fed Uncertainty

The price of silver has been falling sharply this year, but experts believe it could pick up steam again due to growing uncertainty in the markets and economy. The Fed's potential decision on interest rates is a major factor, as investors are concerned about whether rates will rise or fall. This uncertainty, combined with high stock valuations and upcoming midterm elections, may lead to higher demand for silver.

The price of silver has been in steep decline since hitting an all-time high of over $120 per ounce in late January, but it's now trading around $66. Many investors piled money into the precious metal late last year, but its value plummeted after President Trump announced his pick for Fed chair, Kevin Warsh.

Despite the uncertainty surrounding the Fed and interest rates, some experts believe that investing in silver could be a good move right now. With the S&P 500 at record levels, investors may look to diversify their portfolios by investing in assets with more upside potential, such as silver.