Silver Price Forecast March 13, 2018, Technical Analysis

Silver markets continue to be very noisy, as we fell during Monday trading. As a record this, we are starting to bounce so that is a good sign. I think we continue to see a lot of noise coming into the marketplace, but I think that as Silver has drifted towards the bottom of the overall range, it makes sense that we will see buyers come back in. The $16.65 level would be resistive, just as a break above that level should send this market towards the $16.80 level. I believe that break above there then census market to the $17 level after that.

SILVER Video 13.03.18

Ultimately, this is a market that I think will eventually find its way towards the $17.50 level again, as it has been a target for quite some time. I think that short-term pullbacks continue to be buying opportunities for value hunters, and I do believe in the longer-term efficacy of silver and gold markets. I have been buying physical silver for some time, and I will continue to do so, building up a larger “buy-and-hold” scenario. I think that keeping a low leverage position is probably the best way to go. I believe that the market should continue to be noisy but offer plenty of opportunities for those who are willing to take advantage of them. Longer-term, I anticipate that the $20 level will be targeted, and then over the next couple of years, I believe that my physical silver will be worth $50 an ounce. I have no plans on shorting anytime soon. I believe that the $15 level is a hard floor.

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