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Silver Forecast April 24, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 22, 2017, 04:25 UTC

Silver markets fell on Friday but continue to find support near the $17.80 level. If we can break above the top of the candle, which is extensively

Silver daily chart, April 24, 2017

Silver markets fell on Friday but continue to find support near the $17.80 level. If we can break above the top of the candle, which is extensively breaking above the $18 level, I think that Silver markets will grind their way back to the $18.50 level above. I have no interest in shorting, because I see so much in the way of support underneath. I think that we are entering a grind higher, and the keyword there of course is grind. Because of this, I think is can be very volatile but you should be looking to the upside.

SILVER Video 24.4.17

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.

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