Silver Forecast July 16, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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Silver markets were very quiet during the session on Friday as the precious metals complex itself was relatively calm. We are currently trading in an area that is just above a massive support zone, which of course we recognize as being said between the $25 and $26 handles. With this being said, it does look like the most comfortable in easiest move will be to the upside from here, and we suspect that a breaking of the Friday highs would lead to that. As for selling, we need to see $25 taken out to the downside.

Silver Forecast July 16, 2012, Technical Analysis

Silver Forecast July 16, 2012, Technical Analysis

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