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Silver Forecast February 9, 2016, Technical Analysis

By
Christopher Lewis
Published: Feb 9, 2016, 05:15 GMT+00:00

The silver markets gapped higher at the open on Monday, and then shot above the $15 level quite handily. That being the case, the market looks as if it is

Silver Forecast February 9, 2016, Technical Analysis

The silver markets gapped higher at the open on Monday, and then shot above the $15 level quite handily. That being the case, the market looks as if it is picking up momentum, and should continue to go much higher. Pullbacks that show signs of support below should be buying opportunities, and as a result we look at them as value that we can take advantage of. We have no interest in selling this market right now, we believe that ultimately the silver market has broken out and is not looking back anytime soon.

 

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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