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Silver forecast for the week of April 25, 2016, Technical Analysis

By:
Christopher Lewis
Published: Apr 23, 2016, 04:12 UTC

The silver markets rallied during the course of the week, breaking above the $17 level. The silver market certainly looks at this time as there is plenty

Silver forecast for the week of April 25, 2016, Technical Analysis

The silver markets rallied during the course of the week, breaking above the $17 level. The silver market certainly looks at this time as there is plenty of bullish pressure underneath, and we could even be talking about some type of trend change, although it’s going to take a while to actually manifest itself. Don’t be surprised if there’s a pullback, we will more than likely need to pick up more momentum to finally clear the $18 level. At this point, we have no interest in selling silver, we believe that it is very bullish.

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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