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Silver forecast for the week of September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:34 GMT+00:00
Silver markets tried to rally during the week but turned around to form a shooting star. The shooting star since above the $17.50 level, so if we break
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Silver markets tried to rally during the week but turned around to form a shooting star. The shooting star since above the $17.50 level, so if we break down below there I think we will get a pull back to the $17 level. Alternately, if we can break above the $18 level, we should go looking towards the $18.50 level. The market is a bit overextended, and had recently rally due to a “risk off” trade, but that seems to be unwinding. I suspect that we are going to see selling pressure sooner rather than later.
SILVER Video 18.9.17
About the Author
Christopher LewisSenior Analyst
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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