Traders give three ways to play rising inflation ahead of Fed meeting

Traders give three ways to play rising inflation ahead of Fed meeting

Inflation is the talk of Wall Street after last week's red-hot consumer prices report and ahead of the 's June meeting on Tuesday and Wednesday. from the Federal Open Market Committee, though investors will be on the lookout for any commentary as to future action. Ahead of the meeting, CNBC's " " asked its traders for their best ways to hedge the rise in inflation. "Gold is a because negative [real] interest rates obviously really help it, but I think silver is a much better bet," said Boris Schlossberg, managing director of FX strategy at BK Asset Management. "There's a lot of industrial demand, especially in the new technologies of solar and 5G." Schlossberg said silver's lower cost relative to gold could make it an attractive investment in the retail space, too. "If inflation becomes a serious story, silver has a much lower cost basis, has a much higher chance to go [higher on a] percentage basis than gold does. It really has a chance to become a meme story if everybody begins to kind of pivot towards the inflation idea," said Schlossberg. Craig Johnson, chief market technician at Piper Sandler, is looking to a surge in oil prices and