Silver Price Forecast – Silver markets flat and then trading

Silver markets continue to go back and forth with a slightly negative bias as the US dollar strengthening has worked against the value of it. I think that the market will continue to be a short-term negative, longer-term value. The longer-term value is easier to be played with physical silver, as you don’t have to worry about the heavy losses that a market like the futures market can inflict on you for going against the trend. However, longer-term this is an area that should see plenty of buying interest from investors. Overall, I think that short-term traders are going to continue to sell signs of strength as long as the greenback strengthens.

Overall, the market will probably have a certain amount of support attached to the $14.50 level, but I think that if we break down below there we will probably continue to go down to the $14 level after that. The $14 level has been very supportive on longer-term charts, so I think that would be the next major battlefield if we do break down. Otherwise, if we rally from here I think that the market will probably struggle at around $14.75 above that has proven itself to be a bit too resistive. This market continues to be very noisy overall, but until the US dollar calms down, it’s very unlikely that silver will be able to rally for any significant amount of time. However, we will eventually get stability in the financial system around the world, and that will drive the US dollar lower. That could make this a great investment, but a difficult market to buy for the short term.

SILVER Video 04.09.18