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Silver Forecast November 19, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 19, 2015, 05:27 UTC

The silver markets initially tried to rally during the day on Wednesday but ended up falling enough to test the $14.00 level. We feel it is only a matter

Silver Forecast November 19, 2015, Technical Analysis

The silver markets initially tried to rally during the day on Wednesday but ended up falling enough to test the $14.00 level. We feel it is only a matter of time before we break down below that level, and as a result the market should continue to go much lower. In fact, we believe that a break down below the $14 level offers an opportunity to go down to the $12 level. Rallies at this point in time should continue to be selling opportunities going forward, and as a result we remain very bearish of this market.

 

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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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