Silver Forecast September 10, 2012, Technical Analysis

posted
By FX Empire Analyst - Christopher Lewis
Print
Font Size
T
T
T
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The silver markets have absolutely shot straight up over the last couple of weeks, and Friday was no different. With the poor jobs number that was announced on Friday, it seems that the Federal Reserve is all but tend in when it comes to deciding whether or not to ease its monetary policy.

As the Federal Reserve eases monetary policy, it should bring down the value of the dollar overall and give a boost to precious metals such as silver and gold. Because of this, we are buying on pullbacks as the $30 level giving way the other day was a massive buy signal. We think that candles that are pullbacks that show any signs of strength are more than welcome sites for those of us who wish to be long of silver.

Silver Forecast September 10, 2012, Technical Analysis

Silver Forecast September 10, 2012, Technical Analysis

Find a Broker
Continue to FX Empire Network