Silver Forecast November 6, 2015, Technical Analysis
The silver markets fell a bit during the course of the session on Thursday, breaking below the $15.00 level. At this point in time, the market looks as if it is ready to continue going lower, perhaps reaching towards the $14.50 level, as it is the next major support level.
Most Popular
The silver markets fell a bit during the course of the session on Thursday, breaking below the $15.00 level. At this point in time, the market looks as if it is ready to continue going lower, perhaps reaching towards the $14.50 level, as it is the next major support level. With the Nonfarm Payroll numbers coming out of the United States today, it will more than likely affect the value the US dollar, which of course has a knock on effect in this market. Ultimately, this market will bounce eventually, but right now it looks like any type of rally should be sold.
Advertisement
Know where Silver is headed? Take advantage now with
Your capital is at risk
