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Silver forecast for the week of August 24, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 22, 2015, 06:18 UTC

Silver markets went back and forth during the course of the week, but eventually ended up with a neutral candle. Because of this, we have no interest in

Silver forecast for the week of August 24, 2015, Technical Analysis

Silver markets went back and forth during the course of the week, but eventually ended up with a neutral candle. Because of this, we have no interest in placing longer-term trades, although we do recognize that perhaps silver is trying to form a little bit of a base below. If that’s the case, the one trade you could probably do is buy physical silver, and perhaps put it in your retirement account. Beyond that, there isn’t much for the longer-term trader to do in this particular marketplace as the volatility will continue.


 

silverWEEK

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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