US dollar finnished its upwards cycleU.S. Dollar Currency IndexTVC:DXYElGatoTradeThe DXY looks like it has had enough. During the FOMC meeting, the American people got what they wanted to hear from Kevin Warsh. Investors received the message and are now expecting higher interest rates for longer, which, in my opinion, is the right approach to fight energy-driven inflation. At the same time, the FOMC projections simply make no sense if oil prices normalize—which has already started to happen—because the U.S. cannot afford a full-scale war against Iran and all the consequences that would come with it. From that point on, I believe the trend reverses. The USD gradually weakens, assuming there is no other major global shock or another prolonged conflict involving Iran and the U.S. That does not mean we can relax and buy SILVER with both hands. We could easily get burned if NAS100 and US500 go through a healthy 8–10% correction. If that happens, SILVER could decline by as much as 15%. However, I would view that as a long-term buying opportunity and an inflation hedge for a portfolio. If you trade with leverage, you should always be careful with silver. For a better understanding of how silver works and the logic behind my view, please read my previous ideas. If you think I'm wrong, let me know. I'm always open to hearing different perspectives if they make sense.