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Silver Price Forecast September 12, 2017, Technical Analysis

By: 
Christopher Lewis
Silver weekly chart, September 12, 2017

Silver markets gapped lower on Monday as tensions calmed involving North Korea, but quite frankly I think we are going to turn around and try to fill the

Silver markets gapped lower on Monday as tensions calmed involving North Korea, but quite frankly I think we are going to turn around and try to fill the gap, and then eventually break above the $18 level again. This could end up being a buying opportunity given enough time, and I think there is plenty of support below. After all, the initial hour candle for the Monday session was very bullish, forming a massive hammer. Given enough time, I fully anticipate that Silver continues to rally as it has for some time.

SILVER Video 12.9.17

About the Author

Christopher LewisSenior Analyst

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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