There's been a volatile reaction in the gold and silver markets in the 24 hours following the Federal Reserve's latest interest rate hike. The metals jumped slightly higher following the announcement, before selling off sharply on the COMEX open in New York this morning after the ECB rate decision and the release of a stronger than expected US GDP report.

Which perhaps is not entirely unexpected, given that the markets are trying to price in the future path of interest rates in the US and around the globe. A path that's less than certain, and was once again left somewhat open-ended by the comments of the Fed's Jerome Powell and the ECB's Christine Lagarde.

Inflation remains high in both regions, even by the governments' inflation metrics, and while many market participants were hoping that the hikes would be the last in the current cycle, neither central banking official went as far as to confirm that.

So in today's show, Dave Kranzler comments on the latest move from the Federal Reserve, and where that leaves the precious metals markets. He looks past the short-term volatility in the markets and talks about what he's expecting over the longer-term, and why the latest decision by the Fed still leaves a lot of unanswered questions.

To get a better idea of where this all leads, and the impact he's expecting for gold and silver, click to watch the video now!