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Silver Price Forecast August 30, 2017, Technical Analysis
Updated: Aug 30, 2017, 04:16 GMT+00:00
Silver markets went sideways initially during the day on Tuesday, but then broke higher. We have been very volatile, but it seems as if there is a certain
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Silver markets went sideways initially during the day on Tuesday, but then broke higher. We have been very volatile, but it seems as if there is a certain amount of interest near the $17.40 level, and we should continue to see a “buy on the dips” mentality from short-term traders. I don’t have any interest in shorting Silver, least not until geopolitical concerns go away, which seems to be very unlikely to happen anytime soon. With this being the case, I think that this market should remain bullish over the next several sessions. I currently believe that the market will go looking towards the $17.75, and then eventually the $18 level.
SILVER Video 30.8.17
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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