Silver Forecast February 5, 2016, Technical Analysis

Silver markets rose slightly during the course of the session on Thursday, trying to reach the $15 level. By doing so, it looks like we may roll over a little bit and trying to find support. With the jobs numbers coming out later today, it would make sense that we could get a bit of volatility, but at the end of the day we feel that this market is broken out. This is a market that should continue to go much higher, but we also recognize that there will be quite a bit of volatility between here and higher levels. We buy dips, and we of course by a break out above the $15 level.