Silver has been slowly moving up since 2025 began. After an up month in Jan. It had a flat month in Feb. and is up for the first two weeks of March. It looks and feels ready to attack the previous high around $35.

This week the FED meets and is expected to pause again. Despite having discussed the likelihood that they would be ending QT soon, very few are talking about it happening this week. I expect Powell to announce that on Wed.

Silver is strong and I expect it to continue higher, regardless of what the FED does or doesn’t, do or say. If it breaks out and runs after the meeting, commentators will say that is why and it certainly won’t hurt, but it will do so anyway. The FED and govt. officials often use announcements and data releases to explain inevitable market moves.