Posted 1st March 2023

Silver Price News: Silver Starts March on Positive Note to Climb Above $21

silver bar bullion stack

Silver has started March on a positive note with the price climbing back above $21 an ounce and showing signs that the slump of February may be over.

From a macroeconomic perspective, nothing much has changed to cause this slight turnaround in silver’s fortunes. Instead, the readjustment of prices caused by a fresh reckoning on how much longer the Federal Reserve, and other central banks, are likely to continue increasing their benchmark interest rates is now complete. 

Silver investors will certainly be hoping this is the case after the metal had some significant price punishment meted out to it in this scenario, with the precious metal’s lack of yield counting against it in an environment where interest rates are continuing to rise.

While the fundamental case for silver remains strong, its chance to be fully heard from an investor perspective is still likely to be delayed for another month yet, at least until the markets receive confirmation of how much the Fed will increase its interest rate by when the committee meets on March 22nd.

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.