Silver Price Forecast March 19, 2018, Technical Analysis

Silver markets initially tried to rally during the trading session on Friday but found the $16.50 level to be too resistive to continue going higher. Since then, we have fallen quite drastically, and part of this may be due to better than anticipated numbers coming out of the United States, driving the value of the US dollar higher. That of course works against the value of silver in the short term, and since then we have dropped towards the $6.20 level. We’ve rallied since then, but it now looks as if the sellers are coming back. I think that the $16 level underneath is massive support, and most certainly the $15.50 level is. Silver is a bit different than the other instruments that we trade here at FX Empire, because we choose much less leverage and Silver markets, because they tend to be so volatile. That isn’t to say that there are great opportunities though, quite frankly there are.

SILVER Video 19.03.18

Look to short-term range bound trading setups to take advantage of the CFD markets. Alternately, as I live in the United States I don’t have the access to CFD markets as easily, so in this market I have been buying physical silver. For those of you who have the ability to buy smaller positions in the CFD markets, you can then take advantage of what has been a nice trading range between $15.50 and $18.50, giving you an opportunity to put on reasonable trades with a reasonable size. That’s the most important thing to pay attention to as getting over lever do in this market can be very painful.

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