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Silver Price Forecast September 8, 2017, Technical Analysis
Published: Sep 8, 2017, 03:59 GMT+00:00
The Silver markets went sideways initially on Thursday, but then broke above the $18 level. Ultimately, the market looks as if it is ready to go much
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The Silver markets went sideways initially on Thursday, but then broke above the $18 level. Ultimately, the market looks as if it is ready to go much higher, and I think that pullbacks should be buying opportunities. I think that the market goes looking towards the $18.50 level, and with this being the case I think that the buy on the dips mentality returns. The US dollar is on its back foot, so I think it’s only a matter of time before the buyers return to this market on any pullback. I have no interest in shorting.
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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