Silver Price Forecast August 22, 2017, Technical Analysis

Silver markets gapped lower at the open on Monday, but then shot above the gap to reach towards the $17.10 level. By doing so, it showed a very bullish proclivity, but it looks now as if we may drop below the $17 level. If we do, I think that the market should go even lower, and this will be especially true if stock markets do well. This is because the silver trade recently has been more of a “run to safety” than anything else. I recognize that the Silver markets always play a secondary role to the gold markets when it comes to the safety trade, but they are influenced by it. Ultimately, I think that there will be continued volatility, but I believe that the area in this region is going to continue to be massive in the way of resistance.

SILVER Video 22.8.17