Silver Price Forecast – Silver Rips Higher

Silver Price Forecast Video for 21.12.22

Silver Markets Technical Analysis

Silver has skyrocketed during the trading session on Tuesday to break above the $24 level. It looks at this point in time as if the market is ready to go much higher, perhaps opening up the possibility of a breakout to the $25 level. This of course is a large, round, psychologically significant figure, and I think a lot of people would be paying close attention to it. If we break above there, then it’s very likely that we would see this market really start to take off.

That being said, I think it’s very possible that the market also has gotten a little bit ahead of itself, especially as silver has a long history of disappointing the bulls. If the US dollar does in fact get crushed, that could help the silver market, and of course people will start to wonder about industrial demand as well. That’s the one thing that could cause some issues, the industrial demand being lackluster. (Well, that and the fact that J.P. Morgan has been manipulating the paper market for silver for several years now.)

If we break below the $23 level, then it’s very likely that the market reaches to the $22 level, maybe even the 50-Day EMA at the $21.67 level. Either way, one thing they need to be cautious about is the fact that the markets are going to be thin, so therefore it’s very likely that we have outsized moves either way. As liquidity drains, people will be much more susceptible to moving markets in a rather fast manner. Be cautious, because quite frankly all it’s going to take is a little bit of a knowledge in this market could move quite violently.

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