Silver prices likely to trade on negative note: Sushil Fin

Sushil Finance's report on Silver

Silver

Silver was up 0.6 percent at $1,195.11 an ounce.

Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday.

Thirteen of 19 primary dealers, or the banks that deal directly with the Fed, said they expect the first rate hike by June, including one forecasting a hike as early as April. All but two expect at least one rate hike in 2015.

Outlook

We expect Silver prices are likely to trade on negative note on the back of US interest rate outlook.

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