Silver forecast for the week of August 28, 2017, Technical Analysis

Silver markets had a slightly bullish candle form for the week after initially gapping lower. Ultimately, this is a market that seems to be attracted to the $17 level. I think that the market will continue to be very choppy, and I believe that the $17.50 level above is resistive, while the $16.50 level underneath continues to be supported. Ultimately, the market is going to be very difficult to deal with on a longer-term aspect, so I believe that longer-term charts are probably not tradable currently. I will focus on short-term charts and ignore long-term positions other than perhaps holding physical metal for the longer-term move.

SILVER Video 28.8.17