Silver Forecast November 16, 2015, Technical Analysis

Silver markets tried to rally during the session on Friday again, but just as we have seen several days in a row, the sellers simply step in and push the market lower. The $14.00 level below is massively supportive, so having said that it’s probably only a matter of time before we make a serious attempt to break down. Rallies at this point in time continue to be selling opportunities for short-term traders, and a move below the $14 level of course is a longer-term selling opportunity just waiting to happen in our opinion.