Silver Price Forecast August 30, 2017, Technical Analysis

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