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Silver Forecast February 22, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Feb 22, 2017, 05:38 UTC

Silver markets initially fell on Tuesday, but found plenty of support as we turned around to reach towards the $18 level. A break above the top of the

Silver daily chart, February 22, 2017

Silver markets initially fell on Tuesday, but found plenty of support as we turned around to reach towards the $18 level. A break above the top of the candle for the day should send this market higher and I believe that the longer-term uptrend continues. The major moving averages are all starting to cross, and I believe that’s a sign that we are going to continue to find buyers every time we dip. I have no interest in selling and believe that we will reach the $18.50 level, and then eventually the $19 handle.

SILVER Video 22.2.17

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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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