Advertisement
Advertisement

Silver Price Forecast September 14, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Sep 14, 2017, 07:37 UTC

Silver markets initially tried to rally during the trading session on Wednesday, filling the gap. However, we found plenty of resistance there and fell

Silver daily chart, September 14, 2017

Silver markets initially tried to rally during the trading session on Wednesday, filling the gap. However, we found plenty of resistance there and fell apart. The market is currently testing the $17.70 level as I write this, and it looks likely to continue to struggle. There is talk of a potential tax reform deal coming out of the United States, and that has lifted the US dollar. Because of this, you can see that the precious metal markets have fallen. I think that the $17.50 level underneath should be supportive, so I would look for the buyers to come back in and that area.

SILVER Video 14.9.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement