Silver Forecast December 5, 2016, Technical Analysis
Silver markets initially fell on Friday but turned around back around to form a bit of a hammer. The hammer of course is a very bullish sign, and thus I think that we may get a bit of a bounce. However, the $17 level above is resistive, just as the
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Silver markets initially fell on Friday but turned around back around to form a bit of a hammer. The hammer of course is a very bullish sign, and thus I think that we may get a bit of a bounce. However, the $17 level above is resistive, just as the $17.50 level is. Because of this, I have no interest in buying this market and look at any rally as a potential selling opportunity. Alternately, if we can break down below the hammer from both Thursday and Friday, I think that would be an extraordinarily bearish sign as we would reach towards the $16 level.
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