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Silver forecast for the week of September 4, 2017, Technical Analysis
Updated: Sep 2, 2017, 05:20 GMT+00:00
Silver markets broke higher during the week, clearing the $17.50 level. The market close towards the top of the candle, and that of course is a very
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Silver markets broke higher during the week, clearing the $17.50 level. The market close towards the top of the candle, and that of course is a very bullish sign. Because of this, I think that the market will eventually break towards the $18 level above, which would be resistive as well. Move above there is very bullish. It looks as if precious metals will continue to get a bit against the US dollar, as it is struggling overall. The smaller than expected gain in jobs in America certainly won’t help the greenback either.
SILVER Video 04.9.17
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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