Advertisement
Advertisement

Silver Forecast April 21, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 21, 2017, 03:59 UTC

Silver markets had a choppy session on Thursday, as the $18 level has offered quite a bit of support. I believe that eventually we will bounce, but

Silver daily chart, April 21, 2017

Silver markets had a choppy session on Thursday, as the $18 level has offered quite a bit of support. I believe that eventually we will bounce, but currently it’s a market that seems to be trying to build up enough momentum to continue the uptrend. I think that it’s been a market that is trying to build up enough momentum to reach the higher levels, and sooner rather than later I would expect it to happen. However, you must be a to deal with the volatility that is undoubtedly going to be a mainstay of the market.

SILVER Video 21.4.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement