Silver Forecast April 20, 2016, Technical Analysis

The summer markets broke out to the upside during the course of the session on Wednesday, breaking above the top of the short-term resistance. The market touched the $17 level, and formed a massively bullish candle. With this being the case, every time it pulls back you would have to believe that people will be looking to start buying again based upon value. We have no interest in shorting this market, as the silver market looks as if it’s ready to continue a longer-term “buy-and-hold” type of move at this point in time.