Silver Price Forecast March 26, 2018, Technical Analysis

The silver market rallied during Friday, reaching towards the $16.60 level. Because of that, the market continues to see a lot of noise, and I think that this will continue to be a major problem. However, the longer-term outlook for silver is positive for when I see, and the $16 level as massive and its importance when it comes to the support of the overall viability of silver. I think that eventually we will go looking towards the $17 level, and then eventually $17.50 beyond there. I have been adding slowly, looking at both physical silver and perhaps something like an ETF, as I am in the United States. However, if you have the ability to trade the CFD markets, that is also a viable opportunity as you can mitigate your risk by using small positions. Futures markets are also possible, but you have to have the proper account size to deal with the massive amount of volatility in the market. That being said, there are also many contracts that you can get involved in.

SILVER Video 26.03.18

All things being equal, I believe that this market will continue to find buyers of time we come close to the $16 level, so I like buying short-term dips, adding slowly to a longer-term position. Eventually, I anticipate that the market will then go to the $20 handle. A break above there frees the market to go much higher and puts it in more of a “buy-and-hold” scenario, although I think it’s going to take some significant amount of time to make that happen.