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Silver Forecast August 20, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 20, 2015, 05:12 UTC

Silver markets broke higher during the course of the session on Wednesday, clearing the $15 level. With that being the case, the market looks as if it is

Silver Forecast August 20, 2015, Technical Analysis

Silver markets broke higher during the course of the session on Wednesday, clearing the $15 level. With that being the case, the market looks as if it is heading back towards the $15.50 level, attracting more buyers. Ultimately though, we think this market will remain very volatile more than anything else, and with that we don’t necessarily like trading silver at the moment as a lot of damage can be done to your account in short order. With this, we are on the sidelines but recognize that this market is trying to make a significant move one way or the other.

 

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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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