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Silver Forecast November 16, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 14, 2015, 05:25 UTC

Silver markets tried to rally during the session on Friday again, but just as we have seen several days in a row, the sellers simply step in and push the

Silver Forecast November 16, 2015, Technical Analysis

Silver markets tried to rally during the session on Friday again, but just as we have seen several days in a row, the sellers simply step in and push the market lower. The $14.00 level below is massively supportive, so having said that it’s probably only a matter of time before we make a serious attempt to break down. Rallies at this point in time continue to be selling opportunities for short-term traders, and a move below the $14 level of course is a longer-term selling opportunity just waiting to happen in our opinion.

 

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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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