At that meeting, the Federal Reserve updated its dot plot, which reflects the expectations of members of the Federal Open Market Committee about the future of interest rates in the country. In summary, Fed members expect the price of silver to fall by 50 to 75 basis points this year.during the two official meetings that remain pending before the end of the year.
The projections that present the “dot plot” confirm that the decline in rates will continue next year, and They expect the silver price to be reduced by another 100 basis points from where they will close in 2024. If Fed members’ expectations come true, they will drop from 4.5% (the upper end of the rate range in which they expect to end the year) to 3.5%.
The process will not stop there, since the Fed members believe that it will be necessary to continue to cut rates in 2026, but, this year, less than the previous year. For that year, the projections suggest that there will be a cut of 50 basis points and that rates will end up at 3% (the upper part of the range), and They will remain stable at this level during the year 2027.
