Silver Prices May Rise Amid Potential Conflict Between President and Fed

The Federal Reserve raised interest rates for the first time since 2023, sparking concerns of further rate hikes due to inflation. The goal remains to reach an inflation rate of 2%, according to Fed Chair Kevin Warsh.

Silver prices have been steady around $60 in recent months, but some investors believe a potential conflict between the US president and the Fed chair could send silver prices higher.

An increase in interest rates makes silver less attractive as an asset, but questions about Fed independence might drive up demand for the precious metal.