Silver Forecast November 19, 2015, Technical Analysis

The silver markets initially tried to rally during the day on Wednesday but ended up falling enough to test the $14.00 level. We feel it is only a matter of time before we break down below that level, and as a result the market should continue to go much lower. In fact, we believe that a break down below the $14 level offers an opportunity to go down to the $12 level. Rallies at this point in time should continue to be selling opportunities going forward, and as a result we remain very bearish of this market.