Silver forecast for the week of August 3, 2015, Technical Analysis

The silver markets went back and forth during the course of the week, essentially settling nothing. It appears that the $15 level does offer resistance though, so having said that we believe that the market still has quite a bit of bearish pressure in it. However, the summer market simply doesn’t look like it’s ready to move at the moment. With this, we have recently made a fresh loan though, so we feel that sooner or later the summer markets to selloff. This will probably have to be traded on short-term charts though.