Silver Forecast January 20, 2017, Technical Analysis
The Silver markets broke down below the $17 level during the session on Thursday, reaching towards the 16.75 level underneath. I believe we will continue to go lower, perhaps reaching towards the 16.50 level underneath. I believe that if we can break down below the 16.50 level, we should continue
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The Silver markets broke down below the $17 level during the session on Thursday, reaching towards the 16.75 level underneath. I believe we will continue to go lower, perhaps reaching towards the 16.50 level underneath. I believe that if we can break down below the 16.50 level, we should continue to reach towards the $16 level. I’m not interested in going long yet, because the US dollar is of course so much stronger currently that it has been in the past. Silver will continue to be very volatile, but eventually I believe that the sellers come out on top.
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