Silver prices rose on Wednesday, the European market to recover from the losses incurred yesterday, this comes at a time when the market awaits the US central decisions at the end of the last meeting in 2015, most forecasts indicate that the Bank raised interest rates by 25 basis points.
Silver metal rose by at 11:19 GMT to $ 17.09 an ounce after the opening of trading today at $ 16.88, and recorded the highest level of 17.11 dollars, the lowest level of $ 16.87.
Silver prices ended trading yesterday down by 1.1 percent, the biggest daily loss since November 23 last, due to the rise of the US dollar, and the continued rise in US stocks on Wall Street to new record levels.
Financial markets wait for the day the Federal Reserve Federal decisions at the end of its extended since yesterday, where the open of the Committee monetary policies of the Central Bank shall issue its decisions by 19:00 GMT, most forecasts indicate to raise interest rates by 25 basis points to a range between 0.50%: 0.75% .
Recently jumped bets to raise US interest rates at this meeting to 100 percent, especially with the continuing economic data improved, especially labor and housing sector, market data, as well as the breadth exceeded expectations for economic growth during the third quarter, in conjunction with monetary policy, which emphasizes the need for raising the prices of makers remarks interest.
The issue at the same interest rate monetary policy statement and the timing of the report’s economic outlook, and speak Janet Yellen president of the Federal Reserve by 19:30 GMT Commenting on the Council’s decisions and talk about the future of US monetary policy.
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