Silver forecast for the week of October 10, 2016, Technical Analysis

Silver markets fell during the course of the week, breaking below the $18 handle. This of course is a relatively bearish sign, but I still think that there’s plenty of support below. Longer-term, I believe that silver will rise because of the low interest rate environment that we will have in the United States. Given enough time, I believe that the market will attempt to get back to the $20 handle. With this, longer-term I am no interest in selling silver, I think we are just simply going to find value below.