| The silver price will struggle going forward as the Federal Reserve starts hiking interest rates from June onwards, Société Générale said in a report. The French Bank expects that the Fed will raise interest rates by 25 basis points in June 2015, with this more likely followed by another hike of a similar magnitude later this year.
“As the labour markets gain traction and with the forecast for GDP growth at 3.5 percent this year, we see a high probability of a more aggressive rate hike during next year, to an extent that the interest rate cycle could peak at four percent by the end of 2017,” iSocGen said. Against a backdrop of a strengthening US economy, the bank predicts that the upward trajectory of the US dollar against most currencies will continue over the course of the year...............................................Full Article: Source
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