Silver Forecast September 25, 2012, Technical Analysis
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The silver markets fell during most of the session on Friday, but found support at the $34 level which is the first area we suspected that it could. However, the market has run up quite a bit lately, and as such we would mind seen a bit of a pullback. The daily candle is a bit of a hammer, but not them picture-perfect one we like to see in order to go long.
At this point time, we need to see a daily close above the $35 level to be convinced that the bullishness will continue. Otherwise, we are simply waiting for a pullback that shows signs of support in order to buy silver. We have absolutely zero plans for selling.
Silver Forecast September 25, 2012, Technical Analysis
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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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