Silver Forecast September 14, 2012, Technical Analysis
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The silver markets skyrocketed during Thursday after the Federal Reserve announced a stronger than anticipated monetary easing policy. With the US dollar set to decline further, there is no reasonable case for silver to fall for any length of time. Because of this we are buying dips as we continue much higher. It should be stated however, that the market has rallied significantly over the last couple of weeks, and a pullback could be coming.
A pullback that shows up is quite frankly an invitation to buy silver at cheaper prices. We believe in buying the SLV ETF, physical silver and silver futures depending on what your financial situation is. In fact, we believe in a mixture of all three if possible. As for selling silver, we simply see no reason to do it until we get well below the $25 level which looks very unlikely at this point.
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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.
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