Silver Forecast August 3, 2015, Technical Analysis

Silver markets went back and forth during the course of the session on Friday, testing both the 14.50 barrier and the 15.00 barrier. The 15.00 barrier has of course been rather resistive while the aforementioned 14.50 level has been so supportive. With this, we believe that the market continues to be volatile overall, and as a result if you are a very short-term trader, you could go back and forth as well. On the other hand though, we are staying on the sidelines as we believe it will simply be far too volatile.