Silver Price Forecast March 15, 2018, Technical Analysis

As you can see, the Silver markets have been very noisy during trading on Monday, initially tried to rally, but then ran into a significant amount of resistance at the $16.65 level. However, we have rolled over and reached towards the $16.50 level underneath. There is plenty of support down to the 16.40 level in the short term, and quite frankly as we are roughly in the middle of the larger consolidation area that goes back months, I think that trading this market might be a bit difficult. Overall, I think that the volatility should continue to be an issue with this market, so I would be very careful about putting a large position on. I have been looking at pullbacks as opportunities to pick up value in silver, buying physical coins, but I also recognize that longer-term traders may be able to jump into the CFD market.

SILVER Video 15.03.18

Short-term traders will continue to struggle, unless of course you are able to take a lot of positions on that could be dangerous. I think that the market participants will continue to be very skittish, so by keeping leverage out of the situation, you will be able to hang on to the fluctuations that want Valley continue to be a major issue in the silver pits. I do prefer the upside over anything else, so I think that pullbacks continue to be buying opportunities. Longer-term, I believe that we will eventually break above the $17.50 level and go towards $20. In the meantime, it’s very noisy and dangerous.

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