Silver Forecast November 28, 2016, Technical Analysis
Silver markets found a bit of support during the day on Friday, as the $16 level offered support and urged a bit of a bounce. I think that a bounce from here is going to find quite a bit of resistance above though, so it’s only matter of time before
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Silver markets found a bit of support during the day on Friday, as the $16 level offered support and urged a bit of a bounce. I think that a bounce from here is going to find quite a bit of resistance above though, so it’s only matter of time before the exhaustive candle comes that we can start shorting. Ultimately, if we break down below the bottom of the candle for the day on Friday, I would be a seller there as well. The US dollar continues to work against precious metals overall and of course silver is going to be no different.
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