Markets

Silver (XAGUSD) Forecast

16.867
09:58:39(GMT)
-0.100
(-0.59%)*Daily Change
Christopher Lewis
19 hours ago

Silver forecast for the week of December 12, 2016, Technical Analysis

Silver markets went back and forth during the course of the week, showing quite a bit of volatility. The $16.50 level below offers quite a bit of support, but the $17 level above continues to be resistance. This neutral candle should continue to show how choppy this market is but I believe eventually the sellers … Continue reading Silver forecast for the week of December 12, 2016, Technical Analysis

Christopher Lewis
19 hours ago

Silver Forecast December 12, 2016, Technical Analysis

Silver markets rolled over a bit during the day on Friday, as we continue to see quite a bit of volatility. I believe that this market will probably fall longer-term as the US dollar has been strengthening. However, it might be a bit volatile so keep that in mind as this market typically is. I … Continue reading Silver Forecast December 12, 2016, Technical Analysis

Christopher Lewis
2 days ago

Silver Forecast December 9, 2016, Technical Analysis

Silver markets fell slightly during the session on Thursday, as we continue to test the $17 level for support and importance. We are in a longer-term downtrend though, so if we can break down below the bottom of the candle I am a seller. The $17.50 level above is resistive as well, so even if … Continue reading Silver Forecast December 9, 2016, Technical Analysis

Christopher Lewis
3 days ago

Silver Forecast December 8, 2016, Technical Analysis

Silver markets broke higher during the day on Wednesday, clearing the $17 level. However, I think there is plenty of resistance above, extending all the way to the $17.50 level. Leave as soon as we get some type of exhaustive candle, the sellers will return. After all, we are in a pretty significant downtrend in … Continue reading Silver Forecast December 8, 2016, Technical Analysis

Christopher Lewis
4 days ago

Silver Forecast December 7, 2016, got technical Analysis

Silver markets did very little on Tuesday, as we continue to hang about just below the $17 level. This is an area that should be resistive, but even if we broke above here I feel that the market will find quite a bit of resistance all the way to at least the $17.50 level. Any … Continue reading Silver Forecast December 7, 2016, got technical Analysis

Christopher Lewis
5 days ago

Silver Forecast December 6, 2016, Technical Analysis

Silver markets rallied at first, and then fell on Monday. Ultimately though, we turned around to form a hammer, which suggests that the $17 level will be tested yet again. However, this is a longer-term downtrend in the US dollar has been strengthening for quite some time. With this, I wait for an exhaustive candle … Continue reading Silver Forecast December 6, 2016, Technical Analysis

Christopher Lewis
8 days ago

Silver forecast for the week of December 5, 2016, Technical Analysis

Silver markets fell initially during the week, but turned around to form a hammer. Ultimately, this is a market that looks like it could bounce but I recognize that the $17 level above is resistive. The $17.50 level above is also resistive, so at this point I feel that even though we should have a … Continue reading Silver forecast for the week of December 5, 2016, Technical Analysis

Christopher Lewis
8 days ago

Silver Forecast December 5, 2016, Technical Analysis

Silver markets initially fell on Friday but turned around back around to form a bit of a hammer. The hammer of course is a very bullish sign, and thus I think that we may get a bit of a bounce. However, the $17 level above is resistive, just as the $17.50 level is. Because of … Continue reading Silver Forecast December 5, 2016, Technical Analysis

Anil Panchal
8 days ago

Technical Outlook: Gold, Silver And WTI Crude Oil

GOLD Considering the Gold’s Break-Pullback-Continuation pattern around $1197 – $1200 horizontal-line, the yellow metal is more likely to extend its south-run towards $1128 & $1110 supports. Though, $1163, $1151 & $1144 may offer intermediate halts to bullion prices during its sustained weakness. In case if prices reverse from present levels, $1197 – $1200 continue acting … Continue reading Technical Outlook: Gold, Silver And WTI Crude Oil

Christopher Lewis
9 days ago

Silver Forecast December 12, 2016, Technical Analysis

Silver markets fell on Thursday, but did find enough support near the $16.20 level to turn around. Ultimately, it looks as if we are trying to build up enough momentum to break down, and I believe that the $16 level is the “floor” at the moment. If we can break below there the summer markets … Continue reading Silver Forecast December 12, 2016, Technical Analysis

Christopher Lewis
10 days ago

Silver Forecast December 1, 2016, Technical Analysis

Silver markets had a very quiet Wednesday, hovering just above the $16.60 level most of the day. At the moment, it appears that we are a bit exhausted from the recent choppiness but I would still venture to say that there is a lot of bearish pressure on this market. After all, the US dollar … Continue reading Silver Forecast December 1, 2016, Technical Analysis

Christopher Lewis
11 days ago

Silver Forecast November 30, 2016, Technical Analysis

Silver markets fell slightly during the course of the session on Tuesday, as we turned around to show a continuation of the longer-term downtrend. At this point, it looks as if the market is going to continue to go lower, and perhaps reach towards the $16 level. Rallies at this point should continue to find … Continue reading Silver Forecast November 30, 2016, Technical Analysis

Christopher Lewis
12 days ago

Silver Forecast November 29, 2016, Technical Analysis

The silver markets initially rallied on Monday, but turned around to form a very resistive looking shooting star. Ultimately, this is a market that will continue to face headwinds above, and I believe that the $17 level will be a bit of a ceiling at the moment. Keep in mind that the United States dollar … Continue reading Silver Forecast November 29, 2016, Technical Analysis

Christopher Lewis
15 days ago

Silver forecast for the week of November 28, 2016, Technical Analysis

Silver markets had a volatile we, essentially hanging about the $16.50 level. The resulting candle was a bit of a neutral candle, so we could get a bit of a bounce but I still think that the US dollar strengthening is going to work against the value of the precious metals markets in general longer-term, … Continue reading Silver forecast for the week of November 28, 2016, Technical Analysis

Christopher Lewis
15 days ago

Silver Forecast November 28, 2016, Technical Analysis

Silver markets found a bit of support during the day on Friday, as the $16 level offered support and urged a bit of a bounce. I think that a bounce from here is going to find quite a bit of resistance above though, so it’s only matter of time before the exhaustive candle comes that … Continue reading Silver Forecast November 28, 2016, Technical Analysis

Christopher Lewis
16 days ago

Silver Forecast November 25, 2016, Technical Analysis

Silver markets when back and forth during the day on Thursday, but you have to keep in mind that it was Thanksgiving Day in the United States, so liquidity would’ve been an issue. Because of this, I don’t read too much into the candle and recognize that we have broken down. Any rally at this … Continue reading Silver Forecast November 25, 2016, Technical Analysis

Christopher Lewis
17 days ago

Silver Forecast November 24, 2016, Technical Analysis

Silver markets fell during the Wednesday session, breaking will be $16.50 level. It now looks as if we’re going to try to reach down towards the $16 level, and the short-term bounces could be used as shorting opportunities. $16 of course is a large, round, psychologically significant number so we may have quite a bit … Continue reading Silver Forecast November 24, 2016, Technical Analysis

Christopher Lewis
18 days ago

Silver Forecast November 23, 2016, Technical Analysis

The silver market initially rallied on Tuesday, but turned around to form a shooting star. Ultimately, I think that every time this market rallies, you have to think that it’s only a matter of time before sellers come back in. With this, I feel that the market will probably reach down towards the $16 level. … Continue reading Silver Forecast November 23, 2016, Technical Analysis

Christopher Lewis
19 days ago

Silver Forecast November 22, 2016, Technical Analysis

Silver markets rose slightly during the course of the day on Monday, and as we continue to see quite a bit of volatility. The $17 level above is massively resistive, and as a result I think it’s only a matter of time before the sellers get involved. At the first opportunity, I will start shorting … Continue reading Silver Forecast November 22, 2016, Technical Analysis

Christopher Lewis
22 days ago

Silver forecast for the week of November 21, 2016, Technical Analysis

Silver markets fell rather drastically during the course of the week, slicing through the $17 level. In fact, by the end of the week we were testing the $16.50 level, so this of course is a very negative sign. It makes a lot of sense, because the US dollar has been climbing and it looks … Continue reading Silver forecast for the week of November 21, 2016, Technical Analysis

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