Currency and silver calculations continue to indicate a decline in silver. With the Federal Reserve’s discussion today of raising interest rates by the end of 2023, this confirms their intent to strengthen the U.S. Dollar. It also aligns with a peak in the price of silver against the British Pound and Canadian Dollar, as discussed in the Silver post on May 16, 2021. A repeat performance of October 2012 to December 2015 is expected where significant deflationary forces will drive the price of silver much lower over the next three years.
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