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Silver Forecast February 23, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Feb 23, 2017, 05:15 UTC

Silver markets are very interesting for me, as the $18 level above continues to offer resistance. This is an area that continues to be extraordinarily

Silver daily chart, February 23, 2017

Silver markets are very interesting for me, as the $18 level above continues to offer resistance. This is an area that continues to be extraordinarily strong, but given enough time we should break above the $18.15 level to reach towards the $18.50 level above. Pullbacks continue to offer buying opportunities as far as I can see. The 50 day, 100 day, and 200-day exponential moving averages below are crossing. This is a longer-term trend change, just waiting to happen. Because of this, I believe that Silver will continue to be extraordinarily strong. Pullbacks offer value.

SILVER Video 23.2.17

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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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