Advertisement
Advertisement

Silver Forecast April 25, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 25, 2017, 03:41 UTC

Silver markets had a very volatile session on Monday, as the French election results through a lot of chaos into the marketplace. There was a certain

Silver daily chart, April 25, 2017

Silver markets had a very volatile session on Monday, as the French election results through a lot of chaos into the marketplace. There was a certain amount of relief, so therefore precious metals sold off during the day. However, it looks as if there is plenty of support just below, so we had formed a candle that suggests that we have a lot of volatility had of us. If we can break above the $18 level, I think that the market will reach towards the $18.50 level. Selling still will face quite a bit of noise underneath.

SILVER Video 25.4.17

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