Expert Islam Memiş, who correctly predicted the decline in gold experienced in the past days, stated that fluctuations in precious metals and foreign exchange prices may also affect silver. In his latest assessment of the market, İslam Memiş commented on silver as well as gold forecasts. According to the expert, the price of silver will double in value both in grams and ounces. He now thinks that silver will replace gold, that silver coins will be introduced. Cryptocoin. com we are conveying the details…
Market comments from gold expert Islam Memiş
Emphasizing that the US Federal Reserve (FED) started to tighten its monetary policy in order to cope with inflation, Islam Memiş said that there was a pressure on the ounce price of gold and silver. As we have reported before, the FED, which announced the FOMC minutes yesterday, signaled that it could start increasing interest rates as early as March, alarming the markets, and there was a decline in both stock markets and crypto money.
Meanwhile, the ounce price of silver ended the year with a 12 percent loss. The expert thinks that the Fed is manipulating the markets by drawing attention to this price change. According to Memiş, the Fed policies lie behind the pressure and depreciation of the ounce price of silver. He draws attention to the fact that this loss is especially seen with the rise in the gold/silver ratio.
Islam Memis: Fed admitted the truth
Continuing to emphasize the Fed’s latest statements, the Gold and Money Markets Expert points out that the central bank has abandoned the “temporary inflation” discourse that it has been talking about for a long time and now admits the truth. He states that with this rhetoric, commodity prices have been suppressed, but precious metals have been picking up in recent months.
On the other hand, the expert who predicts the price of an ounce of silver, says that the critical resistance level of the precious metal is $ 30, and his next prediction is around $ 40. Claiming that states and companies have also increased their interest in silver, Memiş thinks that behind this interest lies the fact that silver is not only seen as an investment tool and is in demand around the world.
According to the Gold and Money Markets Specialist, who predicts that there will be a rapid rise in silver prices in general, “2022 will be a year when the Fed will fight with commodities”. In this war, he thinks the dollar will be on one side and gold and silver on the other. Finally, he states that citizens who have difficulty in wearing quarter gold at weddings can now wear silver. In addition, he expects the gram price to climb up to 20 liras in 2022.