Silver Forecast November 18, 2015, Technical Analysis

The silver markets fell a bit during the course of the session on Tuesday, as it looks likely that we are ready to go much lower. The $14 level below is of course a major round number, and an area where the market had bounced from before. With this, we believe that the market is going to go lower, but it’s actually below the $14 level where we really start to pick up momentum to the downside. Rallies at this point in time should offer selling opportunities as well, as the market looks so bearish.