2025 marks a pivotal year as the price of silver doubles, causing ripples in the global precious metal market. This unexpected boom has been closely linked to a nearly decision made by former President Donald Trump; he almost named Kevin Hassett for the Federal Reserve. The near-appointment of Hassett, a known advocate of higher interest rates, sent waves throughout the market, significantly impacting silver prices.
Despite not formally securing the position, Hassett’s potential influence on monetary policy caused investors to flock to silver, thereby driving its price up. This historical event underscores the sensitivity of metal prices to political and economic decision-making, an important consideration for future market predictions.
The situation reminds investors of the crucial role monetary policymakers like the Federal Reserve play in shaping the performance of precious metal markets. Moving forward, all eyes will be on the Federal Reserve and their future appointees. Read More
Leave a Reply