Investing in silver recent IMF commodity forecasts project

Recent IMF commodity forecasts project silver’s 2024 average price at $31.10/oz, based on strong industrial recovery and constrained mine supply. This projection adds credibility to investing in silver as a growth hedge. A Wealthfront Cash Account can provide a base variable APY of 3.75%, but Moneywise readers can get an exclusive 0.50% boost over their first three months for a total APY of 4.25% provided by program banks on your uninvested cash. That’s over ten times the national deposit savings rate, according to the FDIC’s September report. Yes—IRA-approved, 99.9% pure coins and bars held by an IRS-approved custodian qualify. Investing in silver could see increased volatility as upcoming FOMC minutes may hint at rate cut expectations. If Fed policy shifts toward easing, precious metals could rally, providing upside toward the $32 psychological level.