Expert Islam Memiş, who correctly predicted the decline in gold experienced in the past days, stated that the 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. As Kriptokoin.com , we convey the details…
Market comments from gold expert Islam Memiş
First of all, the US Federal Reserve (FED) to deal with inflation Emphasizing that he started to tighten the monetary policy in order to exit, Islam Memiş stated that there was a pressure on the ounce price of gold and silver, however. 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, silver’s ounce price 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, 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 Memiş: Fed admitted the truth
Gold and Money Markets Expert, who continued his emphasis on the Fed’s latest statements, said “temporary inflation” that the central bank has been talking about for a long time. He points out that he has abandoned his discourse and now confesses the truth. He states that with this discourse, commodity prices have been suppressed, but precious metals have been picking up in recent months.
On the other hand, estimating the price of an ounce of silver, the expert says that the critical resistance level of the precious metal is $30, and says that his next prediction is around $40. Memiş, who claims that the interest in silver has increased in stateollarserin and şirkedollarserin, thinks 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 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.