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Silver forecast for the week of April 25, 2016, Technical Analysis

By
Christopher Lewis
Published: Apr 23, 2016, 04:12 GMT+00:00

The silver markets rallied during the course of the week, breaking above the $17 level. The silver market certainly looks at this time as there is plenty

Silver forecast for the week of April 25, 2016, Technical Analysis

The silver markets rallied during the course of the week, breaking above the $17 level. The silver market certainly looks at this time as there is plenty of bullish pressure underneath, and we could even be talking about some type of trend change, although it’s going to take a while to actually manifest itself. Don’t be surprised if there’s a pullback, we will more than likely need to pick up more momentum to finally clear the $18 level. At this point, we have no interest in selling silver, we believe that it is very bullish.

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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