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Silver Forecast April 28, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 28, 2017, 03:58 UTC

Silver markets fell during the session on Thursday as we continue to see precious metal selloff. However, the $17 level underneath is very supportive.

Silver daily chart, April 28, 2017

Silver markets fell during the session on Thursday as we continue to see precious metal selloff. However, the $17 level underneath is very supportive. Because of this, I think it’s only a matter of time before the buyers get involved. With this, I am waiting for some type of a supportive candle on a daily chart to start buying. I would not short this market as we are so close to the massive support. Because of this, I will be patient and wait for my opportunity. The meantime, I’m on the sidelines and waiting.

SILVER Video 28.4.17

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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