Will Silver be able to hit and break the 20 level

The FED is increasing rates higher and higher and it is looking like they will increase rates past 5%. The next increase comes in March and it will either be 25 basis points or 50. A 50 basis point increase will definitely push Silver below the 20 level. Inflation is still high across all major countries and it is a battle between Central Banks fighting inflation and winning, but potentially pushing their economy into recession. Which one is more important. Fighting inflation, but pushing the economy into a recession or keeping inflation high and possible pushing a recession further out. But my plan is to get into Silver once price pushes lower. The lower the better. If price can hit 18 or lower, that would be a big opportunity to get in. I think Silver will break above the 50 lvl in 2025 as I keep thinking it is going to be a big year for all these new technologies coming out (Space, Robotics, AI, Medical, so on).

Since the sentiment for the USD pushing higher is very strong, it is only inevitable for Silver to keep pushing lower. The lower it goes, maybe other countries, just like they have been doing with Gold, will start to buy it up in droves. But this is going to be around a two year play, maybe longer. So it is best to build up slowly and stay tuned for further developments in my plan.

Comment:

Silver is pushing lower and is retesting the 20 lvl. Tomorrow's NFP release is either going to help Silver stay above the 20 lvl or cause Silver to break down lower, maybe to around 19.20.

Comment:

Silver tested the $20 lvl but was not able to stay below it. It pushed up pretty dramatically, likely because of the thought that the FED is not going to raise rates by 50 basis points and might even hold off on raising. There is also issues surrounding the banking sector, which is adding to the push higher. But it is still viable that price will push lower and hit the $18 lvl.