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Silver Forecast February 5, 2016, Technical Analysis

By:
Christopher Lewis
Published: Feb 5, 2016, 04:34 UTC

Silver markets rose slightly during the course of the session on Thursday, trying to reach the $15 level. By doing so, it looks like we may roll over a

Silver Forecast February 5, 2016, Technical Analysis

Silver markets rose slightly during the course of the session on Thursday, trying to reach the $15 level. By doing so, it looks like we may roll over a little bit and trying to find support. With the jobs numbers coming out later today, it would make sense that we could get a bit of volatility, but at the end of the day we feel that this market is broken out. This is a market that should continue to go much higher, but we also recognize that there will be quite a bit of volatility between here and higher levels. We buy dips, and we of course by a break out above the $15 level.

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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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