Silver Forecast July 16, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

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

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.