Silver Forecast August 20, 2015, Technical Analysis

Silver markets broke higher during the course of the session on Wednesday, clearing the $15 level. With that being the case, the market looks as if it is heading back towards the $15.50 level, attracting more buyers. Ultimately though, we think this market will remain very volatile more than anything else, and with that we don’t necessarily like trading silver at the moment as a lot of damage can be done to your account in short order. With this, we are on the sidelines but recognize that this market is trying to make a significant move one way or the other.