Silver Forecast May 2, 2016, Technical Analysis

The silver markets rallied again during the session on Friday as the US dollar continues to fall. With this being the case, looks as if the market is ready to continue to go much higher as we have cleared the shooting star from last week. Pullbacks at this point time will more than likely attract buyers, as it appears that we have not only broken out, but we are ready to go much higher as silver is much more attractive than the US dollar at this point in time. We currently have a target of $20 going forward.