Silver Forecast March 7, 2016, Technical Analysis

Silver markets broke higher during the course of the session on Friday, clearing the $15.20 level handily, and then heading to the $15.70 level. This is a market that looks like it is ready to break out eventually, but we recognize we may need to see a little bit of a pullback in order to pick up on value and we would start buying again. Longer-term, we feel that silver will go much higher as precious metals in general look very healthy at this point. Selling isn’t even a thought, as currency devaluation continues to push metals higher.