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Commentary
The FED indicated yesterday that it would be raising rates in 2023 earlier than at least 2024 which was previously predicted in March.
This is due to high growth forecasts and rising inflation as the US economy continues it's post pandemic recovery.
As a result Silver has sold off post the FED meeting and we see prices moving much lower over the coming trading sessions if they consolidate below support at $26.8 given the precious metals volatile nature.