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Silver Forecast November 18, 2016, Technical Analysis

By
Christopher Lewis
Published: Nov 18, 2016, 04:41 GMT+00:00

Silver markets did almost nothing during the day on Thursday, as we continue to hover around the $17 level. This is a market that has sold off rather

Silver daily chart, November 18, 2016

Silver markets did almost nothing during the day on Thursday, as we continue to hover around the $17 level. This is a market that has sold off rather drastically as of late, so a bit of consolidation is probably necessary. I believe that we will continue to see this market sits still today, so at this point in time I am on the sidelines when it comes to silver. I will of course pay attention to this market at the close every day going forward, and will of course keep you advised as to what I’m doing.

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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