Silver Price Forecast – Silver markets fall again during trading session on Wednesday

Silver markets fell a bit during the trading session on Wednesday, testing the $16 level. This is an area that I find very important on the chart, and I think that it is the gateway to the $15.50 level which is massively supportive. I believe that any break down below the $16 level should be taken seriously by short-term traders, but if you are a longer-term investor like I am in the precious metals arena, a break down below $16 would be welcome, as you can start buying physical silver cheaply again. Beyond that, this is an area that’s important to pay attention to because short-term traders have seen markets bounced from the $16 level more than once. I believe that short-term traders will continue to flock to this market in these areas, and it certainly looks as if the support is trying to hold.

Silver markets are incredibly volatile, so you should keep some caution when playing this market. This is why I choose not to use leverage, but I know that many of you have access to CFD markets, and this of course can offer nice short-term trading opportunities, not to mention the possibility of getting involved in the futures markets, which of course can rake in big profits. By playing these large levels, the odds are in your favor but also recognize that if they give way, that shows that we are going lower.

SILVER Video 28.06.18