Silver Forecast for the week of September 11, 2017, Technical Analysis

While the Silver markets have been very explosive as of late, the longer-term traders going to be concerned about the $18.50 level. We did pull back a little bit from the $18 level, so one should wonder if we are simply consolidating and have reached the top of the range, or if were going to break out. I believe that the $18.50 level is crucial to that question. Because of this, I think it’s a short-term traders market, but I believe that this week’s candle could give us a lot of information as to what to do next. A break above the $18.50 level is certainly a buy signal, but an exhaustive candle this week could have the market falling from here.

SILVER Video 11.9.17