Silver Price Forecast March 16, 2018, Technical Analysis

Silver markets have been negative during the trading session on Thursday, losing almost 1%, but at the end of the day we are still in a larger consolidation area that should continue to cause issues. I think that the $15.50 level underneath is massive support, and I think that given enough time the buyers will return. I’ve been buying silver on short-term dips, and I plan to pick up more silver on these dips. The longer-term silver market should be bullish, and I believe that we do continue to have issues with potential inflation around various countries.

SILVER Video 16.03.18

The Silver markets are one that you should probably stay away from leverage, so I like the CFD markets, and of course if you have been paying attention to me at FX Empire, you know that I have been buying physical coins of silver, so these pullbacks don’t concern me much. When I look at the longer-term charts, we have been consolidating, and I think that the $15 level underneath is the absolute “floor” in the market. Overall, I anticipate that this market will go to the $20 level, and a break above there could free this market to go to the $50 level.

Expect volatility, but quite frankly it’s not that unknown in this market, as Silver markets are little bit more thin than gold or other futures markets, so that does cause it to be very noisy. I think that we will continue to see opportunities going forward, but I do not want to get over levered, which could cause a lot of problems.

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