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Silver Price forecast for the week of July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:12 GMT+00:00
Silver markets went back and forth during the week, forming a massive hammer. The hammer is mirrored by the previous hammer, suggesting that there is
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Silver markets went back and forth during the week, forming a massive hammer. The hammer is mirrored by the previous hammer, suggesting that there is quite a bit of buying pressure. The uptrend line underneath should continue to push the market to the upside. If we can break above the $17 level, the market should then go to the $17.50 level above, and the $18 level beyond that. I believe that the market continues to be one that you can buy, but I would do so in small positions, or even perhaps in a no leveraged situation.
SILVER Video 03.7.17
About the Author
Christopher Lewisauthor
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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