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Silver Forecast December 2, 2015, Technical Analysis

By:
Christopher Lewis

The silver markets initially tried to rally during the course of the day on Tuesday, but struggled somewhere near the $14.25 level. We did up forming a

Silver Forecast December 2, 2015, Technical Analysis

The silver markets initially tried to rally during the course of the day on Tuesday, but struggled somewhere near the $14.25 level. We did up forming a bit of a shooting star, which we continue to do time and time again. This is a market that seems to be consolidating at the moment, but a fresh, new low should send this market looking for $12 after that. In the meantime, we believe that selling short-term rallies on short-term charts will probably be the way to go going forward in the silver market as the US dollar continues to strengthen.

 

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About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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